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In a release issued under the same headline on April 23, 2019 by Hagens Berman Sobol Shapiro LLP, please note that the link and contact email for the case have been updated to https://www.hbsslaw.com/cases/Sprint and Sprint@hbsslaw.com. The corrected release follows:
SAN FRANCISCO, April 26, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, with offices in 9 cities around the country and 80 attorneys, alerts Sprint Corporation (NYSE: S) investors to the securities class action pending in the United States District Court for the Southern District of New York.
If you purchased or otherwise acquired Sprint securities between January 31, 2019 and April 16, 2019 (the “class period”) and suffered substantial losses (in excess of $50,000), you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.
If you wish to serve as lead plaintiff in this class action, you must move the Court no later than June 21, 2019 (the “Lead Plaintiff deadline”). Contact Hagens Berman immediately for more information about the case and being a lead plaintiff:
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
According to the complaint, Defendants misled investors throughout the class period by (1) highlighting that it had 309,000 total postpaid net additions, a widely-watched metric by Wall Street analysts, and (2) concealing that these additions were not new customers.
“We’re focused on investors’ losses, Sprint’s disclosures to regulators about the Company’s business to support its merger with T-Mobile, whether those disclosures might be inconsistent with disclosures to investors, and, if so, the extent to which investors may have been misled,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Sprint should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email Sprint@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80 attorneys in 9 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000