Philadelphia, Pennsylvania--(Newsfile Corp. - July 28, 2022) - T-Mobile US, Inc. (NASDAQ: TMUS) has agreed to settle a 2021 data breach by creating a settlement fund of $350 million and has also agreed to maintain an incremental spend commitment of at least $150 million for data security.
T-Mobile had assured the market through its Privacy Policy that T-Mobile uses "administrative, technical, contractual, and physical safeguards" to protect consumer data, but as T-Mobile later admitted, it failed to meet these obligations resulting one of the largest data breaches in U.S. history.
If you have continuously held T-Mobile shares since on or around its March 1, 2021, you may be able to seek corporate reforms, the return of funds back to company coffers, and potentially a court approved incentive award if appropriate.
If you would like to learn more about this matter at no cost to you, visit https://grabarlaw.com/the-latest/t-mobile-shareholder-investigation/ or contact us at jgrabar@grabarlaw.com call 267-507-6085.
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These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.
Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132208
