Johnson & Weaver, LLP Announces Investigation of BT Group plc.
SAN DIEGO- PRNewswire —January 25, 2017
Shareholder Rights Law Firm Johnson & Weaver, LLP announces the filing of a class action lawsuit on behalf of purchasers of BT Group plc (NYSE: BT) from March 3, 2015, through November 7, 2016, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for BT investors under the federal securities laws.
According to the lawsuit, throughout the Class Period Defendants made false and misleading statements and 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 lacked a reasonable basis at all relevant times.
If you wish to serve as a lead plaintiff, you must move the Court no later than March 27, 2017. If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
About Johnson & Weaver, LLP:
Johnson & Weaver, 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.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com