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

NEW YORK, NY / ACCESSWIRE / June 19, 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=41061&wire=1
FRCB Shareholders Click Here: https://zlk.com/pslra-1/first-republic-lawsuit-submission-form?prid=41061&wire=1
CGC Shareholders Click Here: https://zlk.com/pslra-1/canopy-growth-lawsuit-submission-form?prid=41061&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 5, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/tds-lawsuit-investigation-submission-form?prid=41061&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.

First Republic Bank (OTCMKT:FRCB)

FRCB Lawsuit on behalf of: investors who purchased January 14, 2021 - April 27, 2023
Lead Plaintiff Deadline : June 23, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/first-republic-lawsuit-submission-form?prid=41061&wire=1

According to the complaint, Defendants misrepresented the strength of the Company's balance sheet and liquidity position, while also understating the significant pressure rising interest rates posed to First Republic's business model. Defendants also misrepresented the strength of the Company's ability to deliver consistent results across different interest rate environments, the diversity of the Company's deposit funding base, and the Company's ability to generate net interest income ("NII") growth and maintain stable net interest margin ("NIM").

Canopy Growth Corporation (NASDAQ:CGC)

CGC Lawsuit on behalf of: investors who purchased May 31, 2022 - May 10, 2023
Lead Plaintiff Deadline : July 24, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/canopy-growth-lawsuit-submission-form?prid=41061&wire=1

According to the filed complaint, during the class period, Canopy Growth Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) there were material weaknesses in the Company's internal controls over accounting and financial reporting; (2) as a result, the Company improperly booked sales of its BioSteel business unit; (3) as a result, the Company's revenue was overstated; 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.

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

ACCESSWIRE

News network reaching more than 1,500 media outlets in 98 countries. The newest, fastest-growing and most disruptive newswire available today.