A lawsuit was filed on behalf of investors in Vodafone Group Plc (ADR) (NASDAQ:VOD) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 02/01/2018 -- An investor, who purchased NASDAQ:VOD shares, filed a lawsuit in the U.S. against Vodafone Group Plc over alleged violations of Federal Securities Laws.
Investors who purchased shares of Vodafone Group Plc (ADR) (NASDAQ:VOD) should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between February 11, 2015 and January 11, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Vodafone had contravened Australian law by permitting customers to purchase pre-paid mobile phones without first verifying their identities.
On January 10, 2018, the Australian Communications and Media Authority ("ACMA)" announced that an investigation into Vodafone Australia ("VHA") revealed that VHA had contravened Australian law by permitting customers to purchase pre-paid mobile phones without first verifying their identities. Specifically, an update to VHA's website allowed customers "to select that their identity had been verified in a store and then proceed to activate their service through use of the website" without confirming that the customers' identities had in fact been verified, as required by law. VHA has entered into an enforceable undertaking with ACMA to ensure that its identity checks are up to date. Shares of Vodafone Group Plc (ADR) (NASDAQ:VOD) declined on January 11, 2018 at $30.91 per share.
Those who purchased shares of Vodafone Group Plc (ADR) (NASDAQ:VOD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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