The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sprint Corporation (Sprint or the Company) (NYSE: S) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sprints counsel responded to the FCC review of the Companys proposed merger with T-Mobile US, Inc. on April 15, 2019. The Company attorney stated, Sprint is in a very difficult situation that is only getting worse. Following this letter, the Wall Street Journal published an article on April 17, 2019, titled Sprint Tells Regulators Its Business Is Worse Than Earlier Portrayed. Based on this news, Sprint traded down on April 17, 2019.
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We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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