Thieler Law Corp advises investors with losses exceeding $100,000 of the June 21, 2019 lead plaintiff deadline in a class action lawsuit filed against Sprint Corporation (NYSE: S) (“Sprint” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Sprint Corporation securities between January 31, 2019 and April 16, 2019, have until June 21, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Sprint Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants misrepresented the number of net postpaid subscriber additions in its Form 10-Q for the period ending December 31, 2018.  In a subsequent letter to the Federal Communications Commission, Sprint admitted that its Form 10-Q disclosures were "incomplete" and that the reported net subscriber increase included those offered "free lines".

On April 15, 2019, the Company’s counsel responded to the Federal Communications Commission’s review of the proposed merger between Sprint and T-Mobile US, Inc. According to the response, Sprint’s attorney stated that “Sprint is in a very difficult situation that is only getting worse.”

On April 17, 2019, The Wall Street Journal published an article titled, “Sprint Tells Regulators Its Business Is Worse Than Earlier Portrayed.”

Following this news, NYSE: S fell from $6.10 on April 12, 2019, to close at $5.64 on April 17, 2019.

If you were negatively impacted by your investment in Sprint Corporation securities between January 31, 2019 and April 16, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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