Sprint (S) Alert: Johnson Fistel Launches Investigation into Sprint defrauding Lifeline program; Investors Encouraged to Contact Firm

News provided by

Sep 25, 2019, 07:55 ET

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 ([email protected]) 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
[email protected]

[Click here to join this action]

SOURCE Johnson Fistel, LLP