CLASS ACTION UPDATE for TDS, CRL and LAZR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 12, 2023 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

TDS Shareholders Click Here: https://zlk.com/pslra-1/tds-lawsuit-investigation-submission-form?prid=40678&wire=1
CRL Shareholders Click Here: https://zlk.com/pslra-1/charles-river-lawsuit-submission-form?prid=40678&wire=1
LAZR Shareholders Click Here: https://zlk.com/pslra-1/luminar-lawsuit-submission-form?prid=40678&wire=1

* ADDITIONAL INFORMATION BELOW *

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

TDS Lawsuit on behalf of: investors who purchased May 6, 2022 - November 3, 2022
Lead Plaintiff Deadline : July 3, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/tds-lawsuit-investigation-submission-form?prid=40678&wire=1

According to the filed complaint, during the class period, Telephone and Data Systems, Inc. made materially false and/or misleading statements and/or failed to disclose 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.

Charles River Laboratories International, Inc. (NYSE:CRL)

CRL Lawsuit on behalf of: investors who purchased May 5, 2020 - February 21, 2023
Lead Plaintiff Deadline : July 18, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/charles-river-lawsuit-submission-form?prid=40678&wire=1

According to the filed complaint, during the class period, Charles River Laboratories International, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Charles River had engaged in illegal activity with respect to its importation of non-human primates for research; (2) as a result, Charles River was at a heightened risk of criminal and regulatory investigation by, inter alia, the U.S. Department of Justice; (3) as a result, Charles River would be forced to suspend shipments of primates from Cambodia; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Luminar Technologies, Inc. (NASDAQ:LAZR)

LAZR Lawsuit on behalf of: investors who purchased February 28, 2023 - March 17, 2023
Lead Plaintiff Deadline : July 25, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/luminar-lawsuit-submission-form?prid=40678&wire=1

According to the filed complaint, during the class period, Luminar Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose 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.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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