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CLASS ACTION UPDATE for MWA, S and NOK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Wednesday, 08 May 2019 06:15 PM

Levi & Korsinsky, LLP

Topic:
5

NEW YORK, NY / ACCESSWIRE / May 8, 2019 / 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.

Mueller Water Products, Inc. (NYSE: MWA)

Class Period: May 9, 2016 - August 6, 2018
Lead Plaintiff Deadline : June 10, 2019
Join the action: https://www.zlk.com/pslra-1/mueller-water-products-inc-loss-form?prid=1441&wire=1

The lawsuit alleges: Mueller Water Products, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate testing for product quality; (2) certain products with radio components were susceptible to fail prematurely; (3) as a result, the Company was reasonably likely to incur increased expenses, including warranty costs; (4) these costs would materially impact the Company's financial statements; (5) the Company lacked adequate internal controls over warranty costs and estimates; and (6) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To learn more about the Mueller Water Products, Inc. class action contact [email protected].

Sprint Corporation (NYSE: S)

Class Period: January 31, 2019 - April 16, 2019
Lead Plaintiff Deadline : June 21, 2019
Join the action: https://www.zlk.com/pslra-1/sprint-corporation-loss-form?prid=1441&wire=1

The complaint alleges that Sprint made materially false and misleading statements and/or failed to disclose material information. In particular, the complaint alleges that throughout the class period Sprint misrepresented the number of net postpaid subscriber additions in its Form 10-Q for the period ending December 31, 2018. Sprint would later admit that the data was ''incomplete,'' and ''not a substitute for a realistic analysis of the key factors that are most probative of Sprint's overall competitive position and prospects,'' because ''postpaid net additions recently have been driven by ‘free lines' offered to Sprint customers and the inclusion of less valuable tablet and other non-phone devices, as well as pre to post migrations that do not represent ‘new' Sprint customers.''

To learn more about the Sprint Corporation class action contact [email protected].

Nokia Corporation (NYSE: NOK)

Class Period: April 15, 2015 - March 21, 2019
Lead Plaintiff Deadline : June 19, 2019
Join the action: https://www.zlk.com/pslra-1/nokia-corporation-loss-form?prid=1441&wire=1

The lawsuit alleges: Nokia Corporation made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (i) Alcatel-Lucent S.A. ("Alcatel") maintained insufficient internal controls and was materially non-compliant in its business practices; (ii) Nokia had failed to conduct adequate due diligence into Alcatel prior to its acquisition; (iii) subsequent to the completion of Nokia's acquisition of Alcatel, the Company maintained insufficient internal controls over the integration of Alcatel's businesses; (iv) as a result of the foregoing, at all relevant times, Nokia was at risk of serious criminal and civil penalties; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Nokia Corporation class action contact [email protected].

You have until the lead plaintiff deadlines to request the court appoint 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, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

Topic:
5
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