The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Securities Laws Violations by United Community Banks, Inc.

NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky is investigating potential claims on behalf of purchasers of United Community Banks, Inc. (“United” or the “Company”) (Nasdaq: UCBI) securities concerning possible violations of federal securities laws.

For more information, click here: http://zlk.9nl.com/united-community-banks-ucbi.

On January 6, 2012, United announced that it will restate its financial results for the 2010 fiscal year and first three fiscal quarters of 2011, and that the Company’s financial statements for these periods should no longer be relied on. The Company announced that the reported net loss for the fourth quarter of 2010 would be increased from the previously reported $16.4 million to $173.1 million. Furthermore, the Company’s net loss for the 2010 fiscal year was increased from the previously stated $345.6 million to $502.3 million. This news caused United stock to drop more than 10% on January 6, 2012 to a low of $6.40 per share, eventually closing at $6.49 per share that day, down from its previous day’s close of $7.24 per share.

If you own United stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone], toll-free: [phone], or visit http://www.zlk.com/united-community-banks-ucbi.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. Attorney advertising. Prior results do not guarantee similar outcomes.