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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Mobile TeleSystems PJSC and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

March 13, 2019

LOS ANGELES--(BUSINESS WIRE)--Mar 13, 2019--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mobile TeleSystems PJSC (“Mobile TeleSystems” or “the Company”) (NYSE: MBT ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The DOJ announced on March 7, 2019, that Mobile TeleSystems and its wholly-owned subsidiary agreed to pay $850 million in penalties to resolve charges in a $420 million bribery scheme in Uzbekistan. The bribes were to facilitate the Company’s entrance to the Uzbekistan market and gain various telecom assets. Based on this news, shares of Mobile TeleSystems fell more than 3% the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at  www.schallfirm.com, or by email at  brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190313005646/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.

Sherin Mahdavian, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: The Schall Law Firm

Copyright Business Wire 2019.

PUB: 03/13/2019 12:54 PM/DISC: 03/13/2019 12:54 PM

http://www.businesswire.com/news/home/20190313005646/en