{"id":99899,"date":"2023-05-13T05:17:24","date_gmt":"2023-05-13T05:17:24","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=73927cc8f6c396ebac68031f771769fd"},"modified":"2023-05-13T05:17:24","modified_gmt":"2023-05-13T05:17:24","slug":"rosen-a-globally-recognized-firm-encourages-telephone-and-data-systems-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-tds-tdspru-tdsprv","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-a-globally-recognized-firm-encourages-telephone-and-data-systems-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-tds-tdspru-tdsprv\/","title":{"rendered":"ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages Telephone and Data Systems, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action \u2013 TDS, TDSPrU, TDSPrV"},"content":{"rendered":"
\n

NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) — WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Telephone and Data Systems, Inc. (the \u201cCompany\u201d or \u201cTDS\u201d) (NYSE: TDS, TDSPrU, TDSPrV) between May 6, 2022 and November 3, 2022, both dates inclusive (the \u201cClass Period\u201d), of the important July 3, 2023 lead plaintiff deadline<\/strong>.<\/p>\n

SO WHAT:<\/strong> If you purchased TDS securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the TDS class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=15807<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 3, 2023<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases<\/strong>. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE: <\/strong>According to the lawsuit, the Company and its subsidiary, United States Cellular Corporation (“UScellular”), made false and\/or misleading statements and\/or failed to disclose that: (1) defendants had no reason to believe UScellular\u2019s \u201cfree upgrade\u201d promotional activity, which was tested and trialed during the second quarter of 2022, was effective at reducing the Company\u2019s postpaid churn rate as they represented to investors, as opposed to merely adding new postpaid subscribers, when its churn rate was actually increasing or remaining constant over most quarters in the class period; (2) UScellular was not making progress with respect to its churn rate, as it represented to investors; (3) UScellular was not in fact balancing its promotional activity and its profitability; (4) due to extreme competition among postpaid carriers, UScellular did not have the flexibility to offset the costs from widespread, expensive promotions with price increases; and (5) as a result of the Companies\u2019 decision for UScellular to continue engaging in heavy promotions to address its postpaid subscriber churn rate despite any lack of positive impact on churn rate, UScellular\u2019s profitability substantially declined. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the TDS class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=15807<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\n
lrosen@rosenlegal.com<\/a>
\n
pkim@rosenlegal.com<\/a>
\n
cases@rosenlegal.com<\/a>
\n
www.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8838498<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) \u2014 WHY:\u00a0Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Telephone and Data Systems, Inc. (the \u201cCompany\u201d or \u201cTDS\u201d) (NYSE: TDS, TDSPrU, TDSPrV) between May 6, 2022 and November 3, 2022, both dates inclusive (the \u201cClass Period\u201d), of the important July 3, 2023 [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages Telephone and Data Systems, Inc. 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