Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) concerning whether a series of statements by Mobile TeleSystems Public Joint Stock Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
June 29, 2015, the U.S. Department of Justice announced that it was joining a group of European nations in a telecom corruption probe involving Vimpelcom and Mobile TeleSystems. On March 19, 2014, Mobile TeleSystems announced the DOJ and SEC were investigating its operations in Uzbekistan. After the release of this news, NYSE: MBT declined $0.82, or 5%. After suspending Crimean operations on August 6, 2014, Mobile Teleystems announced on November 25, 2014 it would not be returning to the Crimean market.
After the separate release of this adverse news, NYSE: MBT declined $0.13, or .96%, on November 25, 2014.
Based in Moscow, Russia and founded in 1993, provides telecommunication services in Russia and the Commonwealth of Independent States. The majority of its services are mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-TV, and various value-added services. Additionally, they sell equipment and accessories.
If you purchased shares of Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) on or before June 29, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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