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TDS.US
id: 696, Created by Stan Vick Chase, Scout
Join Telephone & Data Systems (TDS) Case on Misleading to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- UScellular significantly lowered guidance on 2022 financials.
- $TDS lost 25% or $450 million of its market cap.
- Investors suspect UScellular and its Leaders of misleading.
On November 3, 2022, UScellular (TDS) announced results for Q3 2022, including that service revenues totaled $781 million, versus $788 million for the same period in the previous year, and that net income (loss) attributable to UScellular shareholders and related diluted earnings (loss) per share were $(12) million and $(0.15), respectively, for Q3 2022 compared to $34 million and $0.38, respectively, for Q3 2021.
UScellular also announced that it was reducing the Company’s fiscal year 2022 outlook, such that the upper bounds for the ranges of 2022 guidance concerning service revenues, adjusted OIBDA, and adjusted EBITDA were lowered by $50 million, $75 million, and $75 million, respectively.
Following this news, the $TDS price fell 25% and the Company lost $450 million of its market capitalization, seriously injuring investors.
- Taking all facts into account, Investors suspect UScellular and its Leaders of misleading and financial misrepresentations.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 November 2022
Case number
1:23-cv-02764
Filing date
02 May 2023
Class period Start
06 May 2022
Class period End
03 November 2022
Lead Plaintiff Deadline
01 July 2023
Court
Northern District of Illinois