SHAREHOLDER ALERT: TDS HBNC LAZR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK, NY / ACCESSWIRE / June 19, 2023 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Telephone and Data Systems, Inc. (NYSE:TDS)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/tds-class-action-submission-form?prid=41069&wire=1
Lead Plaintiff Deadline: July 5, 2023
Class Period: May 6, 2022 - November 3, 2022

Allegations against TDS include that: (i) defendants had no reason to believe UScellular's "free upgrade" promotional activity, which was tested and trialed during the second quarter of 2022, was effective at reducing the UScellular's postpaid churn rate as they represented to investors, as opposed to merely adding new postpaid subscribers, when its churn rate was actually increasing or remaining constant over most quarters in the class period; (ii) UScellular was not making progress with respect to its churn rate, as it represented to investors; (iii) UScellular was not in fact balancing its promotional activity and its profitability; (iv) due to extreme competition among postpaid carriers, UScellular did not have the flexibility to offset the costs from widespread, expensive promotions with price increases; and (v) as a result of the Companies' decision for UScellular to continue engaging in heavy promotions to address its postpaid subscriber churn rate despite any lack of positive impact on churn rate, UScellular's profitability substantially declined.

Horizon Bancorp, Inc. (NASDAQ:HBNC)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/horizon-class-action-submission-form?prid=41069&wire=1
Lead Plaintiff Deadline: June 20, 2023
Class Period: March 9, 2022 - March 10, 2023

Allegations against HBNC include that: (i) the Company maintained deficient internal accounting controls relating to its classification of certain loan balances and securities; (ii) as a result of the foregoing deficiencies, throughout 2022 the Company issued quarterly financial statements containing errors that would require subsequent revision; (iii) restatement of the foregoing financial statements would hinder the Company's ability to timely file its annual report for 2022; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Luminar Technologies, Inc. (NASDAQ:LAZR)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/luminar-class-action-submission-form?prid=41069&wire=1
Lead Plaintiff Deadline: July 25, 2023
Class Period: February 28, 2023 - March 17, 2023

Allegations against LAZR include that: (i) Luminar had misappropriated an image of a competitor's photonic integrated circuit ("PIC") to market the Company's own products and capabilities; (ii) the foregoing conduct subjected the Company to a heightened risk of, inter alia, litigation and/or regulatory enforcement action; (iii) all the foregoing, once revealed, was likely to negatively impact Luminar's business and reputation; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more contact Vincent Wong, Esq. either via email [email protected] or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: [email protected]

SOURCE : The Law Offices of Vincent Wong