NEW YORK, NY / ACCESSWIRE / May 29, 2023 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Telephone and Data Systems, Inc. (NYSE:TDS)
CONTACT JAKUBOWITZ ABOUT TDS:
https://claimyourloss.com/securities/tds-class-action-loss-submission-form/?id=39984&from=1
Class Period : May 6, 2022 - November 3, 2022
Lead Plaintiff Deadline : July 3, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) defendants had no reason to believe UScellular's "free upgrade" promotional activity, which was tested and trialed during the second quarter of 2022, was effective at reducing the UScellular's postpaid churn rate as they represented to investors, as opposed to merely adding new postpaid subscribers, when its churn rate was actually increasing or remaining constant over most quarters in the class period; (ii) UScellular was not making progress with respect to its churn rate, as it represented to investors; (iii) UScellular was not in fact balancing its promotional activity and its profitability; (iv) due to extreme competition among postpaid carriers, UScellular did not have the flexibility to offset the costs from widespread, expensive promotions with price increases; and (v) as a result of the Companies' decision for UScellular to continue engaging in heavy promotions to address its postpaid subscriber churn rate despite any lack of positive impact on churn rate, UScellular's profitability substantially declined.
Icahn Enterprises L.P. (NASDAQ:IEP)
CONTACT JAKUBOWITZ ABOUT IEP:
https://claimyourloss.com/securities/icahn-enterprises-class-action-loss-submission-form/?id=39984&from=1
Class Period : August 2, 2018 - May 9, 2023
Lead Plaintiff Deadline : July 10, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Icahn Enterprises was inflating its net asset value; (ii) the Company was using money taken in from new investors to pay out dividends to old investors; (iii) as a result, the Company would become the subject of criminal and/or regulatory scrutiny; and (iv) as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Virtu Financial, Inc. (NASDAQ:VIRT)
CONTACT JAKUBOWITZ ABOUT VIRT:
https://claimyourloss.com/securities/virtu-class-action-loss-submission-form/?id=39984&from=1
Class Period : March 1, 2019 - April 28, 2023
Lead Plaintiff Deadline : July 18, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, Virtu had overstated the Company's operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (iii) the foregoing deficiencies increased the likelihood that the Company would be subject to enhanced regulatory scrutiny; and (iv) as a result, defendants' public statements were materially false and/or misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
SOURCE: Jakubowitz Law
View source version on accesswire.com:
https://www.accesswire.com/757819/LAWSUITS-FILED-AGAINST-TDS-IEP-and-VIRT--JAKUBOWITZ-LAW-PURSUES-SHAREHOLDERS-CLAIMS
