S ALERT: Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Against Sprint Corporation - S
NEW YORK, May 17, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Sprint Corporation (NYSE: S) from January 31, 2019 through April 16, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages Sprint investors under the federal securities laws.
If you wish to serve as lead plaintiff, you must move the Court no later than June 21, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation http://zhanginvestorlaw.com/join-action-form/?slug=sprint-corporation&id=1842 or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. or Spencer Lee toll-free at 800-991-3756 or email [email protected], [email protected] for information on the class action.
According to the lawsuit, Sprint misrepresented the number of net postpaid subscriber additions in its Form 10-Q for the period ending December 31, 2018. In a subsequent letter to the Federal Communications Commission (“FCC”), Sprint admitted that its Form 10-Q disclosures were “incomplete” and that the reported net subscriber increase included those offered “free lines.” When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
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