The Klein Law Firm announces that a complaint has been filed on behalf of shareholders of AT&T Inc. (NYSE: T) who purchased shares (a) pursuant or traceable to the SEC Form S-4 registration statement and prospectus issued in connection with AT&T’s June 2018 acquisition of and merger with Time Warner; and/or (b) between October 22, 2016 and October 24, 2018.
The complaint alleges that AT&T failed to disclose that: (i) AT&T had substantially increased prices, while at the same time discontinuing promotional discounts for its DirecTV Now service; (ii) as a result, DirecTV Now subscribers were leaving (i.e., not renewing) as soon as their promotional discount periods expired, while at the same time new potential DirecTV Now customers were unwilling to pay the higher prices and therefore not subscribing at all; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in AT&T you have until May 31, 2019 to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require you serve as a lead plaintiff.
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