BT Group plc
Period: May 24, 2012 to Jan 20, 2017
Lead Plaintiff Deadline: Mar 27, 2017 + Deadline passed
Summary of Case:
A securities class action has been filed against BT Group plc (NYSE: BT) on behalf of purchasers of BT Group securities between May 24, 2012 through January 20, 2017. This case has been filed in the USDC - New Jersey.
The Complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) BT Group misstated its earnings due to improper accounting practices and improper sales, purchase, factoring and leasing transactions in its Italian operations; (2) BT Group lacked effective internal controls; and (3) as a result, Defendants' statements about BT Group's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.