The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased AT&T Inc. (NYSE: T) shares (a) pursuant or traceable to the SEC Form S-4 registration statement and prospectus issued in connection with AT&T’s June 2018 acquisition of and merger with Time Warner; and/or (b) between October 22, 2016 and October 24, 2018.
The complaint alleges that AT&T 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.
If you purchased AT&T stock during the class period have until May 31, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
To receive more information, please fill out the form.