BT SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving BT Group plc and a Lead Plaintiff Deadline of March 27, 2017

NEW YORK--()--The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased BT Group plc (NYSE: BT) securities between May 23, 2013 and January 23, 2017.

Click here to learn about the case: http://www.wongesq.com/pslra/bt-group-plc. There is no cost or obligation to you.

According to the complaint, BT Group made false and/or misleading statements and/or failed to disclose that: (i) BT Group’s Italian division had engaged in improper accounting practices; (ii) as a result, BT Group significantly overstated its earnings; (iii) the aforementioned would foreseeably cause BT Group to cut its revenue, earnings, and free cash flow forecasts; and (iv) as a result, BT Group’s public statements were materially false and misleading.

On October 27, 2016, the Company announced that it uncovered “inappropriate management behavior” at its Italian division and “identified certain historical accounting errors and reassessed certain areas of management judgment.” As a result, the Company announced that it had “written down the value of items on the balance sheet by £145 [million].” Then, on January 24, 2017, BT Group issued a news release “the adjustments identified have increased from the £145m announced in our half-year update to a total of around £530m.”

If you suffered a loss in BT Group you have until March 27, 2017 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. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/bt-group-plc.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq., 212.425.1140
Fax. 866.699.3880
vw@wongesq.com

Release Summary

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced on behalf of investors who purchased BT Group plc

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq., 212.425.1140
Fax. 866.699.3880
vw@wongesq.com