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

NEW YORK, NY / ACCESSWIRE / May 18, 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.

TGT Shareholders Click Here: https://zlk.com/pslra-1/target-corporation-lawsuit-submission-form?prid=39638&wire=1
TDS Shareholders Click Here: https://zlk.com/pslra-1/tds-lawsuit-investigation-submission-form?prid=39638&wire=1
ADDYY Shareholders Click Here: https://zlk.com/pslra-1/adidas-lawsuit-submission-form?prid=39638&wire=1

* ADDITIONAL INFORMATION BELOW *

Target Corporation (NYSE:TGT)

TGT Lawsuit on behalf of: investors who purchased August 18, 2021 - May 17, 2022
Lead Plaintiff Deadline: May 30, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/target-corporation-lawsuit-submission-form?prid=39638&wire=1

According to the filed complaint, during the class period, Target Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Target's difficulty maintaining a balanced inventory of in-demand goods was far worse than the Company had represented; (ii) Target was severely impacted by changing consumer preferences; (iii) Target's inventory mix was significantly more sensitive to changing consumer preferences due to Target's practice of buying larger quantities ahead of season, and was therefore at significant risk of having to use markdowns to sell out-of-demand goods; and (iv) as a direct result of these changing preferences, Target's inventory increasingly became out-of-balance and overweight in bulky and unsellable goods throughout the Class Period forcing Target to markdown its out-of-demand goods, thereby negatively impacting revenue.

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=39638&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.

adidas AG (OTCQX:ADDYY)

ADDYY Lawsuit on behalf of: investors who purchased May 3, 2018 - February 21, 2023
Lead Plaintiff Deadline: June 27, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/adidas-lawsuit-submission-form?prid=39638&wire=1

According to the filed complaint, during the class period, adidas AG made materially false and/or misleading statements and/or failed to disclose that: (1) In addition to other misconduct, Kanye West made anti-Semitic comments in front of adidas staff, and even suggested naming an album after Adolf Hitler; (2) adidas was aware of his behavior, and failed to warn investors that it was aware of that behavior, and had considered ending the Partnership as a result of it; (3) adidas failed to take meaningful precautionary measures to limit negative financial exposure if the Partnership were to end as a result of West's behavior; (4) adidas overstated the risk mitigation measures it took with regard to Yeezy shoes in the event that it terminated the Partnership; (5) as a result, Defendants' public statements were materially false and/or 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

ACCESSWIRE

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