Philadelphia, Pennsylvania--(Newsfile Corp. - November 21, 2024) - Grabar Law Office is actively investigating potential breaches of fiduciary duty by certain officers and directors of Telephone and Data Systems, Inc. (NYSE: TDS) and its subsidiary, UScellular. If you have continuously held TDS shares since before May 6, 2022, you may be entitled to financial recovery and corporate reforms at no cost to you. Visit: https://grabarlaw.com/the-latest/tds-uscellular-shareholder-investigation/ or call Joshua Grabar at 267-507-6085.
Why This Matters to TDS Shareholders:
A recent securities fraud class action complaint against TDS has survived a key motion to dismiss, with the court determining that the allegations suggest a strong inference of intentional deception. The complaint alleges that TDS and UScellular misled investors with materially false statements about:
- The effectiveness of UScellular's "free upgrade" promotional activity, despite the fact that postpaid churn rates were not improving.
- Misrepresentations about progress in reducing churn and balancing promotional expenses with profitability.
- The impact of extreme competition on UScellular's ability to offset promotional costs without raising prices, which led to a substantial decline in profitability.
Your Rights as a Shareholder:
If you have held TDS shares since prior to May 6, 2022, this investigation allows you to pursue:
- Corporate reforms to prevent similar issues in the future.
- Recovery of funds spent defending against these claims.
- A court-approved incentive award, potentially worth thousands of dollars.
What You Can Do Now:
For more information on your rights as a TDS shareholder or to join the action, visit: https://grabarlaw.com/the-latest/tds-uscellular-shareholder-investigation/
Or, reach out directly to Joshua H. Grabar at jgrabar@grabarlaw.com or Mia R. Heller at mheller@grabarlaw.com, or call 267-507-6085.
Act now to ensure corporate accountability and protect your investment!
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230863
