Energy News / Shareholders Foundation, Inc.

NYSE:MBT Shareholder Notice: Deadline on May 20, 2019 in Lawsuit Against Mobile TeleSystems

Via: ReleaseWire

Updated 12:00 PM CDT, Mon, May 20,2019

A Deadline is coming up on May 20, 2019 in the lawsuit for certain investors in Mobile TeleSystems (NYSE: MBT) and NYSE: MBT stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/20/2019 -- The Shareholders Foundation announces that a deadline is coming up on May 20, 2019in the lawsuit filed for certain investors of Mobile TeleSystems (NYSE: MBT) over alleged securities laws violations by Mobile TeleSystems.

Investors who purchased shares of Mobile TeleSystems (NYSE: MBT) have certain options and there are strict and short deadlines running. Deadline: May 20, 2019. NYSE: MBT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Mobile TeleSystems (NYSE: MBT) common shares between March 19, 2014 and March 7, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 19, 2014 and March 7, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Mobile TeleSystems and its subsidiary were involved in a scheme to pay $420 million in bribes in Uzbekistan, that consequently, Mobile TeleSystems knew or should have known it would be forced to pay substantial fines to the U.S. government after disclosing in 2014 that the U.S. Department of Justice and Securities and Exchange Commission were investigating its Uzbekistan operations, that Mobile TeleSystems' level of cooperation with the U.S. government and remediation was lacking, that due to the aforementioned misconduct, Mobile TeleSystems would be forced to pay approximately $850 million in criminal penalties to the U.S. government, and that as a result, defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Mobile TeleSystems (NYSE: MBT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysembt-shareholder-notice-deadline-on-may-20-2019-in-lawsuit-against-mobile-telesystems-1219844.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com