Cases
Mobile TeleSystems PJSC (MBT)
Securities Class Action
Overview
Overview
- Date:
- 3/15/2019
- Company Name:
- Mobile TeleSystems PJSC
- Stock Symbol:
- MBT
- Status:
- Closed/Complete
NEW YORK, March 15, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Mobile TeleSystems PJSC (NYSE: MBT). Our investigation concerns whether Mobile has violated the federal securities laws and/or engaged in other unlawful business practices.
On March 7, 2019, the Department of Justice announced that Mobile and its wholly-owned subsidiary agreed to pay $850 million in penalties to resolve charges in a $420 million bribery scheme in Uzbekistan. The bribes were to facilitate the company’s entrance to the Uzbekistan market and gain various telecom assets.
On this news, Mobile’s share price fell by more than 8%, closing at $7.61 per share on March 7, 2018.
If you purchased or otherwise acquired Mobile shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On March 7, 2019, the Department of Justice announced that Mobile and its wholly-owned subsidiary agreed to pay $850 million in penalties to resolve charges in a $420 million bribery scheme in Uzbekistan. The bribes were to facilitate the company’s entrance to the Uzbekistan market and gain various telecom assets.
On this news, Mobile’s share price fell by more than 8%, closing at $7.61 per share on March 7, 2018.
If you purchased or otherwise acquired Mobile shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.