This lawsuit is for anyone who acquired securities in Telephone and Data Systems, Inc. (NYSE: TDS) from May 6, 2022 though November 3, 2022.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company’s “free upgrade” promotional activity was lowering the Company’s churn rate when the Company knew that it was not.
On November 4, 2022, TDS released its third quarter 2022 financial results, reporting that UScellular’s heavy promotional activity, including a free phone upgrade promotion, had failed to correct the Company’s postpaid churn rate and had substantially eroded the Company’s profitability. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Telephone and Data Systems, Inc. (NYSE: TDS) from May 6, 2022 though November 3, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
3070 Bristol Pike, Suite 112, Bensalem, PA 19020 
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hsmith@howardsmithlaw.com