Investigation announced for Long-Term Investors in who lost money with shares of Telephone and Data Systems, Inc. (NYSE: TDS)

An investigation was announced concerning potential breaches of fiduciary duties by certain of Telephone and Data Systems, Inc..

Investors who are current long term investors in Telephone and Data Systems, Inc. (NYSE: TDS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in Telephone and Data Systems, Inc. (NYSE: TDS stocks follows a lawsuit filed against Telephone and Data Systems, Inc. (NYSE: TDS over alleged securities laws violations. The investigation on behalf of current long term investors in Telephone and Data Systems, Inc. (NYSE: TDS stocks, concerns whether certain Telephone and Data Systems, Inc. (NYSE: TDS officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of Illinois the plaintiff alleges that Telephone and Data Systems, Inc. and its subsidiary, United States Cellular Corporation ("UScellular"), made materially false and/or misleading statements and/or failed to disclose that 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 between May 6, 2022 and November 3, 2022, that UScellular was not making progress with respect to its churn rate, as it represented to investors, that UScellular was not in fact balancing its promotional activity and its profitability, that 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 that 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.

Those who purchased shares of Telephone and Data Systems, Inc. (NYSE: TDS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.