May. 5 at 10:33 AM
$TDS agreed to a
$7.75M settlement with investors over claims it misled them about the financial impact of its 2022 “Any Phone Free” promotion.
Who’s eligible?
Anyone who bought Telephone & Data Systems stock between May 6, 2022 and November 3, 2022.
Do I need to sell my shares to qualify?
No — you're eligible if you purchased during that period, regardless of whether you still hold or already sold.
How much is the payout?
Estimated at
$0.50 per share, but if only 25% of eligible investors file, that could increase to
$2.00 per share.
Can I still file?
Yes — the settlement is pending court approval, and late claims are being accepted, subject to approval.
When do payouts happen?
Usually 8–12 months after court approval. For this one, that would likely be sometime in 2025.
To file your claim: https://11th.com/cases/tds-investors-settlement
