{"id":758536,"date":"2023-05-12T13:42:34","date_gmt":"2023-05-12T17:42:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"modified":"2023-05-12T13:42:34","modified_gmt":"2023-05-12T17:42:34","slug":"tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","title":{"rendered":"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, May  12, 2023  (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in <strong>Telephone and Data Systems, Inc.<\/strong> (&#8220;TDS&#8221; or the &#8220;Company&#8221;) (NYSE: TDS) of a class action securities lawsuit.<\/p>\n<p>\n        <strong>CLASS DEFINITION: <\/strong>The lawsuit seeks to recover losses on behalf of TDS investors who were adversely affected by alleged securities fraud between May 6, 2022 and November 3, 2022. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/zlk.com\/pslra-1\/tds-lawsuit-investigation-submission-form?prid=39308&amp;wire=3\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/tds-lawsuit-investigation-submission-form?prid=39308&amp;wire=3<\/a>\n      <\/p>\n<p>\n        <strong>TDS<\/strong> investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <strong>CASE DETAILS: <\/strong>The filed complaint alleges that defendants made false statements and\/or concealed that: (i) defendants had no reason to believe UScellular\u2019s \u201cfree upgrade\u201d promotional activity, which was tested and trialed during the second quarter of 2022, was effective at reducing the UScellular\u2019s 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\u2019 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\u2019s profitability substantially declined.<\/p>\n<p>\n        <strong>WHAT&#8217;S NEXT? <\/strong>If you suffered a loss in TDS during the relevant time frame, you have until <strong>July 3, 2023<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <strong>NO COST TO YOU: <\/strong>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <strong>There is no cost or obligation to participate.<\/strong><\/p>\n<p>\n        <strong>WHY LEVI &amp; KORSINSKY: <\/strong>Over the past 20 years, the team at Levi &amp; Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services\u2019 Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP <br \/>Joseph E. Levi, Esq.<br \/>Ed Korsinsky, Esq.<br \/>55 Broadway, 4th Floor Suite #427<br \/>New York, NY 10006<br \/>jlevi@levikorsinsky.com<br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/>www.zlk.com<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNzkzMyM1NTkxNTM5IzIwMjA0MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YmM5ZjNiNDItZGIyNy00Y2M5LTg0MTQtZWE2MGUwNmQ4MTUxLTEwMzIyOTM=\/tiny\/Levi-Korsinsky-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in Telephone and Data Systems, Inc. (&#8220;TDS&#8221; or the &#8220;Company&#8221;) (NYSE: TDS) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TDS investors who were adversely affected by alleged securities fraud between May 6, 2022 and November 3, 2022. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/tds-lawsuit-investigation-submission-form?prid=39308&amp;wire=3 TDS investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (i) defendants had no reason to believe UScellular\u2019s \u201cfree upgrade\u201d &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-758536","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in Telephone and Data Systems, Inc. (&#8220;TDS&#8221; or the &#8220;Company&#8221;) (NYSE: TDS) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TDS investors who were adversely affected by alleged securities fraud between May 6, 2022 and November 3, 2022. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/tds-lawsuit-investigation-submission-form?prid=39308&amp;wire=3 TDS investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (i) defendants had no reason to believe UScellular\u2019s \u201cfree upgrade\u201d &hellip; Continue reading &quot;TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-12T17:42:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNzkzMyM1NTkxNTM5IzIwMjA0MjY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline\",\"datePublished\":\"2023-05-12T17:42:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\"},\"wordCount\":481,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgzNzkzMyM1NTkxNTM5IzIwMjA0MjY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\",\"name\":\"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","og_locale":"en_US","og_type":"article","og_title":"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk","og_description":"NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in Telephone and Data Systems, Inc. (&#8220;TDS&#8221; or the &#8220;Company&#8221;) (NYSE: TDS) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TDS investors who were adversely affected by alleged securities fraud between May 6, 2022 and November 3, 2022. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/tds-lawsuit-investigation-submission-form?prid=39308&amp;wire=3 TDS investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (i) defendants had no reason to believe UScellular\u2019s \u201cfree upgrade\u201d &hellip; Continue reading \"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-12T17:42:34+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNzkzMyM1NTkxNTM5IzIwMjA0MjY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline","datePublished":"2023-05-12T17:42:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"wordCount":481,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNzkzMyM1NTkxNTM5IzIwMjA0MjY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-lawsuit-alert-levi-korsinsky-notifies-telephone-and-data-systems-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","name":"TDS\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Telephone and Data Systems, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - 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