NEW YORK, May 27, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of (“TDS” or the “Company”) TDS. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether TDS and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On November 4, 2022, TDS reports its financial and operating results for the third fiscal quarter 2022. The company announced that the extensive promotional activities of its majority-owned US wireless subsidiary, including the “Free Upgrade Promotion”, had not only failed The Postpaid churn rate, while correct, had actually significantly impacted the company’s profitability.

As a result of this news, TDS’ stock price fell $4.29 per share, or 25.89%, to close at $12.28 per share on November 4, 2022.

The Pomerantz law firm, with offices in New York, Chicago, Los Angeles, London and Paris, is one of the leading law firms in the areas of corporate, securities and antitrust litigation. The Pomerantz Firm was founded by the late Abraham L. Pomerantz, known as the Dean of Class Action Attorneys, and pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz company continues the tradition it established and fights for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The company has filed numerous multimillion-dollar claims on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980