NEW YORK, NY / ACCESSWIRE / May 23, 2023 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Marathon Digital Holdings, Inc. (NASDAQ:MARA)
CONTACT JAKUBOWITZ ABOUT MARA:
https://claimyourloss.com/securities/marathon-class-action-loss-submission-form/?id=39825&from=1
Class Period : May 10, 2021 - February 28, 2023
Lead Plaintiff Deadline : May 30, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company overstated the efficacy of its disclosure controls and procedures and internal control over financial reporting; (ii) as a result, the Company's revenues and cost of revenue were materially misstated during the class period; (iii) the foregoing, once revealed, was reasonably likely to have a material negative impact on the Company's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Telephone and Data Systems, Inc. (NYSE:TDS)
CONTACT JAKUBOWITZ ABOUT TDS:
https://claimyourloss.com/securities/tds-class-action-loss-submission-form/?id=39825&from=1
Class Period : May 6, 2022 - November 3, 2022
Lead Plaintiff Deadline : July 3, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) defendants had no reason to believe UScellular's "free upgrade" promotional activity, which was tested and trialed during the second quarter of 2022, was effective at reducing the UScellular's postpaid churn rate as they represented to investors, as opposed to merely adding new postpaid subscribers, when its churn rate was actually increasing or remaining constant over most quarters in the class period; (ii) UScellular was not making progress with respect to its churn rate, as it represented to investors; (iii) UScellular was not in fact balancing its promotional activity and its profitability; (iv) due to extreme competition among postpaid carriers, UScellular did not have the flexibility to offset the costs from widespread, expensive promotions with price increases; and (v) as a result of the Companies' decision for UScellular to continue engaging in heavy promotions to address its postpaid subscriber churn rate despite any lack of positive impact on churn rate, UScellular's profitability substantially declined.
First Horizon Corporation (NYSE:FHN)
CONTACT JAKUBOWITZ ABOUT FHN:
https://claimyourloss.com/securities/first-horizon-class-action-loss-submission-form/?id=39825&from=1
Class Period : February 28, 2022 - May 3, 2023
Lead Plaintiff Deadline : July 21, 2023
According to the complaint, defendants made false statements and/or concealed that TD Bank failed to disclose material information to the market that it had deficient internal controls that posed a significant risk to the closing of the First Horizon transaction. Specifically, TD Bank suffered from grossly ineffective internal controls regarding anti-money laundering practices and failed to appropriately report unusual transactions or suspicious activity to U.S. regulators. According to a report published by The Wall Street Journal, in "recent years," TD Bank only "flagged 28 customer transactions" as suspicious. As a result, the Office of the Comptroller of the Currency and the U.S. Federal Reserve refused to approve the transaction within the necessary time frames.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
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T: (628) 895-0423
F: (212) 537-5887
SOURCE: Jakubowitz Law