SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Mobile TeleSystems Public Joint Stock Company – MBT
NEW YORK, NY / CRWEPRESSRELEASE / August 14, 2015 / Pomerantz LLP is investigating claims on behalf of investors of TeleSystems Public Joint Stock Company (“Mobile TeleSystems” or the “Company”) (NYSE: MBT). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether TeleSystems and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
June 29, 2015, the U.S. Department of Justice announced that it was joining a group of European nations in a telecom corruption probe involving Vimpelcom and Mobile TeleSystems. On March 19, 2014, Mobile TeleSystems announced the DOJ and SEC were investigating its operations in Uzbekistan. On this adverse news, MBT ADR’s fell $0.82, or 5%. After suspending Crimean operations on August 6, 2014, Mobile Teleystems announced on November 25, 2014 it would not be returning to the Crimean market.
On this adverse news, MBT ADRs fell $0.13, or .96%, on November 25, 2014.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlawfirm.com.