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NEW ORLEANS, April 12, 2019 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 31, 2019 to file lead plaintiff applications in a securities class action lawsuit against AT&T, Inc. (NYSE: T), if they purchased the Company’s 1) securities between October 22, 2016 and October 24, 2018, inclusive (the “Class Period”) and/or 2) shares issued in connection with its June 2018 acquisition of Time Warner. This action is pending in the United States District Court for the Southern District of New York.
Get Help
AT&T investors should visit us at https://www.claimsfiler.com/cases/view-atampt-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
AT&T and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 24, 2018, following AT&T’s June 2018 acquisition of Time Warner, the Company disclosed its 3Q2018 results for the first full quarter post-Acquisition that included significant decreases in traditional DirecTV and DirecTV Now subscribers, despite its prior statements touting the expected subscriber growth potential.
On this news, the price of AT&T’s shares fell nearly 12%.
The case is Gross v. AT&T Inc. et al, 19-cv-2892.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
