SAN DIEGO, Sept. 25, 2019 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP, is investigating potential claims
against Sprint Corporation (NYSE: S) ("Sprint") for violations
of federal securities laws.
On September 24, 2019, The Federal
Communication Commission ("FCC") issued a statement accusing Sprint
from profiting off of government Lifeline subsidies for accounts
that weren't being used. The FCC has accused the wireless carrier
of claiming subsidies for 885,000 Lifeline subscribers who were not
using the service. Providers participating in the program
receive a monthly $9.25 allowance for
most Lifeline subscribers, which for most providers, including
Sprint, makes the service free to the consumer.
Following this news, Sprint stock fell more than 3% on
September 24, 2019.
If you have information that could assist in this
investigation, or if you are a Sprint shareholder and
are interested in learning more about the investigation or your
legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is
no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
View original
content:http://www.prnewswire.com/news-releases/sprint-s-alert-johnson-fistel-launches-investigation-into-sprint-defrauding-lifeline-program-investors-encouraged-to-contact-firm-300925114.html
SOURCE Johnson Fistel, LLP