LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mobile TeleSystems PJSC (“Mobile TeleSystems” or “the Company”) (NYSE: MBT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The DOJ announced on March 7, 2019, that Mobile TeleSystems 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. Based on this news, shares of Mobile TeleSystems fell more than 3% the same day.
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We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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