NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against T-Mobile US, Inc. (NASDAQ: TMUS) on behalf of long-term stockholders following numerous consumer class action complaints that were filed against T-Mobile. Our investigation concerns whether the board of directors of T-Mobile have breached their fiduciary duties to the company.
The complaints allege that defendants were long aware of red flags demonstrating that the Company did not have an effective system of internal controls to ensure the safety and security of customers’ personal identifying information in the face of this threat. Since 2015, hackers and other malicious actors have frequently exploited weaknesses in the Company’s cybersecurity, from software bugs on the Company’s website to unrestricted access on inadequately protected servers. Indeed, in February 2021, the Federal Communications Commission (the “FCC”) levied a nearly $92 million fine on T-Mobile for its failure to protect customer location information and finding that the Company’s privacy safeguards were “fundamentally weak.”
The Defendants failed to heed the red flags demonstrating the lack of cybersecurity over customer data and repeatedly committed to do better next time, representing that data security was a priority at T-Mobile. The Defendants’ failure caused substantial damage to the Company and its stockholders.
If you are a long-term stockholder of T-Mobile, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra B. Raymond by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.