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Mobile TeleSystems PJSC

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Mobile TeleSystems PJSC (NYSE: MBT) resulting from allegations that Mobile TeleSystems may have issued materially misleading business information to the investing public.

If you purchased Mobile TeleSystems securities and would like an opportunity to recover your losses, please click "Join This Class Action," above.

Press Release

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Mobile TeleSystems PJSC – MBT

New York, N.Y., March 7, 2019. Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Mobile TeleSystems PJSC (NYSE: MBT) resulting from allegations that Mobile TeleSystems may have issued materially misleading business information to the investing public.

On November 20, 2018, Mobile TeleSystems disclosed that it had reserved approximately $840 million as the potential liability concerning investigations by the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Justice (“DOJ”) into its former operations in Uzbekistan. On this news, shares of Mobile TeleSystems’s stock price fell $0.64 per share or nearly 8% to close at $7.45 per share on November 20, 2018.

Then, on March 7, 2019, the DOJ announced that Mobile TeleSystems and its wholly owned subsidiary agreed to pay $850 million in penalties to the United States to resolve charges arising out of its role in a scheme to pay $420 million in bribes in Uzbekistan. The bribes were to enable the company to enter the Uzbek market and gain valuable telecom assets. On this news, shares of Mobile TeleSystems’s stock price fell $0.24 per share or over 3% to close at $7.54 per share on March 7, 2019.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Mobile TeleSystems investors. If you purchased shares of Mobile TeleSystems, please visit the firm’s website at https://www.rosenlegal.com/cases-1531.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Zachary Halper, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      zhalper@rosenlegal.com
      www.rosenlegal.com