Feb. 2 at 4:07 PM
$TDS has reached a settlement with investors over claims that the company misled the market about the true financial impact and effectiveness of its 2022 “Any Phone Free” promotion.
Who’s eligible?
Investors who purchased
$TDS shares between May 6, 2022 and November 3, 2022.
What is this case about?
Shareholders allege Telephone & Data Systems overstated the benefits of its major promotional campaign, while failing to disclose that the strategy was generating higher-than-expected losses and did not reduce churn as promised.
How much is the payout?
The payout per share is
$0.50 — but normally only ~25% of eligible investors file, the effective payout could increase to
$2.00.
Can I still file?
Yes — the case is currently in Distribution Preparation, meaning payouts are being organized for eligible claimants.
To file your claim: https://11th.com/cases/tds-investors-settlement
