SHAREHOLDER ALERT: PLUG TDS SPR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK, NY / ACCESSWIRE / May 30, 2023 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Plug Power Inc. (NASDAQ: PLUG)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/plug-power-inc-class-action-submission-form?prid=40011&wire=1
Lead Plaintiff Deadline: June 12, 2023
Class Period: August 9, 2022 - March 1, 2023

According to the filed complaint, Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, defendant's statements about the Company's business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis.

Telephone and Data Systems, Inc. (NYSE: TDS)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/tds-class-action-submission-form?prid=40011&wire=1
Lead Plaintiff Deadline: July 3, 2023
Class Period: May 6, 2022 - November 3, 2022

Allegations against TDS include 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.

Spirit AeroSystems Holdings, Inc. (NYSE: SPR)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/spirit-class-action-submission-form?prid=40011&wire=1
Lead Plaintiff Deadline: July 5, 2023
Class Period: April 8, 2020 - April 13, 2023

Allegations against SPR include that: (1) Spirit lacked effective production quality controls; (2) as a result, Spirit incorrectly installed fittings designed to join the aft fuselage to the vertical tail for some Boeing 737 Max airplanes that Spirit sent to Boeing; (3) as a result, Spirit would have to develop an inspection and repair procedure for the affected fuselages; (4) the foregoing would negatively impact Spirit's financial results; and (5) 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.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE : The Law Offices of Vincent Wong