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A class action has been filed on behalf of Mobile TeleSystems PJSC Investors. Click "Join this Class Action" above.

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Mobile TeleSystems PJSC

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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Mobile TeleSystems PJSC (NYSE: MBT) from March 19, 2014 through March 7, 2019, inclusive. The lawsuit seeks to recover damages for Mobile TeleSystems investors under the federal securities laws.

If you bought Mobile TeleSystems securities between March 19, 2014 and March 7, 2019 and would like an opportunity to recover your losses, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Mobile TeleSystems PJSC – MBT

New York, N.Y., March 27, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Mobile TeleSystems PJSC (NYSE: MBT) from March 19, 2014 through March 7, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Mobile TeleSystems investors under the federal securities laws.

To join the Mobile TeleSystems class action, go to http://zhanginvestorlaw.com/cases/mobile-telesystems-pjsc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Mobile TeleSystems and its subsidiary were involved in a scheme to pay $420 million in bribes in Uzbekistan; (2) consequently, Mobile TeleSystems knew or should have known it would be forced to pay substantial fines to the U.S. government after disclosing in 2014 that the U.S. Department of Justice and Securities and Exchange Commission were investigating its Uzbekistan operations; (3) Mobile TeleSystems’ level of cooperation with the U.S. government and remediation was lacking; (4) due to the aforementioned misconduct, Mobile TeleSystems would be forced to pay approximately $850 million in criminal penalties to the U.S. government; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 20, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/mobile-telesystems-pjsc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang of Zhang Investor Law toll free at 800-991-3756 or via email at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.
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