STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of New York
on behalf of purchasers of Vodafone Group Plc (Nasdaq: VOD) (“Vodafone”
or the “Company”) securities during the period between February 11,
2015 and January 11, 2018, inclusive (the “Class Period”). Investors who
wish to become proactively involved in the litigation have until March
20, 2018 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Vodafone securities during
the Class Period. Members of the class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. No class has yet
been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that Vodafone had contravened Australian law by
permitting customers to purchase pre-paid mobile phones without first
verifying their identities.
According to the complaint, following a January 10, 2018 announcement by
the Australian Communications and Media Authority that an investigation
into Vodafone Australia (“VHA”) revealed that VHA had contravened
Australian law by permitting customers to purchase pre-paid mobile
phones without first verifying their identities, the value of Vodafone
Depositary Receipts declined significantly.
If you have suffered a loss in excess of $100,000 from investment in
Vodafone securities purchased on or after February 11, 2015 and held
through the revelation of negative information during and/or at the end
of the Class Period and would like to learn more about this lawsuit and
your ability to participate as a lead plaintiff, without cost or
obligation to you, please contact Brower Piven either by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180313006351/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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