On or around 10/02/2020 (Date of last review)
Filing Date: April 22, 2019
According to the Complaint, Sprint is a communications company offering a comprehensive range of wireless and wireline communications products and services that are designed to meet the needs of individual consumers, businesses, government subscribers and resellers.
The Complaint alleges that Sprint misrepresented the number of net postpaid subscriber additions in its Form 10-Q for the period ending December 31, 2018. In a subsequent letter to the FCC, Sprint admitted that its Form 10-Q disclosures were “incomplete” and that the reported net subscriber increase included those offered “free lines.”
This case was voluntarily dismissed on June 24, 2019. A related case continues under Docket 19-CV-05272.
On May 13, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. On July 31, Lead Plaintiff filed an amended Complaint.
Company & Securities Information
Defendant: Sprint Corporation
Industry: Communications Services
Headquarters: United States
Ticker Symbol: S
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Erick Meneses, et al. v. Sprint Corporation, et al.