AP NEWS
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

CLASS ACTION UPDATE for T, DPLO, UMC and MBT: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

April 3, 2019

NEW YORK, April 03, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

AT&T Inc. (NYSE: T) Class Period: (A) Shares purchased pursuant to the June 2018 acquisition of and merger with Time Warner and/or (B) shares purchased between October 22, 2016 and October 24, 2018 Lead Plaintiff Deadline: May 31, 2019 Join the action: https://www.zlk.com/pslra-1/att-inc-loss-form?wire=3

The lawsuit alleges: AT&T Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) AT&T had substantially increased prices, while at the same time discontinuing promotional discounts for its DirecTV Now service; (ii) as a result, DirecTV Now subscribers were leaving (i.e., not renewing) as soon as their promotional discount periods expired, while at the same time new potential DirecTV Now customers were unwilling to pay the higher prices and therefore not subscribing at all; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

To learn more about the AT&T Inc. class action contact jlevi@levikorsinsky.com.

Diplomat Pharmacy, Inc. (NYSE: DPLO) Class Period: February 26, 2018 - February 21, 2019 Lead Plaintiff Deadline: April 25, 2019 Join the action: https://www.zlk.com/pslra-1/diplomat-pharmacy-inc-loss-form?wire=3

The lawsuit alleges: Diplomat Pharmacy, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) Diplomat had downplayed its success in integrating and growing its PBM business, which included LDI Integrated and National Pharmaceutical, two companies Diplomat had acquired in late 2017; (2) consequently, Diplomat would need to record a non-cash impairment charge upwards of approximately $630 million relating to its PBM business and these 2017 acquisitions; (3) due to the foregoing, Diplomat would withdraw its preliminary 2019 full-year outlook issued less than seven weeks prior; and (4) as a result, defendants’ statements about Diplomat’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To learn more about the Diplomat Pharmacy, Inc. class action contact jlevi@levikorsinsky.com.

United Microelectronics Corporation (NYSE: UMC) Class Period: October 28, 2015 - November 1, 2018 Lead Plaintiff Deadline: May 13, 2019 Join the action: https://www.zlk.com/pslra-1/united-microelectronics-corporation-loss-form?wire=3

The lawsuit alleges that, during the class period, United Microelectronics Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) UMC conspired with Fujian to steal trade secrets from Micron relating to its research and development of Dynamic Random-Access Memory (“DRAM”); (ii) UMC hired former Micron employees for the purpose of stealing such information from Micron; (iii) the foregoing conduct placed UMC and certain of its employees at an increased risk of criminal and regulatory investigation by the U.S. government; and (iv) as a result, UMC’s public statements were materially false and misleading at all relevant times.

To learn more about the United Microelectronics Corporation class action contact jlevi@levikorsinsky.com.

Mobile TeleSystems PJSC (NYSE: MBT) Class Period: March 19, 2014 - March 7, 2019 Lead Plaintiff Deadline: May 20, 2019 Join the action: https://www.zlk.com/pslra-1/mobile-telesystems-pjsc-loss-form?wire=3

The lawsuit alleges: Mobile TeleSystems PJSC made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) MTS and its subsidiary were involved in a scheme to pay $420 million in bribes in Uzbekistan; (2) consequently, MTS 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; (3) MTS’ level of cooperation with the U.S. government and remediation was lacking; (4) due to the aforementioned misconduct, MTS would be forced to pay approximately $850 million in criminal penalties to the U.S. government; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

To learn more about the Mobile TeleSystems PJSC class action contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY 10006 jlevi@levikorsinsky.com Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com