NEW ORLEANS, May 17, 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.
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.
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.
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