NEW YORK, Aug. 20, 2021 /PRNewswire/ -- WeissLaw LLP, who
was Lead Derivative Counsel in the massive Equifax data breach
litigation, announces an investigation of T-Mobile, US, Inc.
(NASDAQ: TMUS) ("T-Mobile" or the "Company"), its Board of
Directors, and certain Company officers for, among other things,
possible breaches of fiduciary duty and violations of the federal
securities laws.
If you own T-Mobile shares and wish to discuss
this investigation, or have any questions concerning this notice or
your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/tmus/
Or please
contact:
Josh Rubin,
Esq
stocks@weisslaw.co
(888) 593-4771.
There is no cost or obligation to
you.
On August 16, 2021, T-Mobile
issued a press release disclosing a massive data breach perpetrated
against its systems by hackers – the fifth such data breach against
T-Mobile in the last four years. Two days later, the Company
acknowledged that hackers made off with personal data from nearly
48 million people, including 7.8 million current postpaid customers
and about 40 million former and prospective customers who applied
for plans. T-Mobile revealed that the stolen data "include
customers' first and last names, date of birth, SSN, and driver's
license/ID information for a subset of current and former postpay
customers and prospective T-Mobile customers." The Company
further admitted that "approximately 850,000 active T-Mobile
prepaid customer names, phone numbers and account PINs were also
exposed."
Following disclosure of the security breach, shares in T-Mobile
dropped $4.21, or about 2.9%, closing
on August 16, 2021, at $140.74 per share.
On August 18, 2021, Reuters
reported that the U.S. Federal Communications Commission (the
"FCC") will investigate the T-Mobile data breach.
"Telecommunications companies have a duty to protect their
customers' information. The FCC is aware of reports of a data
breach affecting T-Mobile customers and we are investigating," an
FCC spokesperson told Reuters.
WeissLaw is investigating whether T-Mobile's Board of Directors:
failed to properly safeguard, secure and protect the Company from
attacks by hackers; failed to heed warnings of lax cybersecurity
practices based on the recent prior attacks in 2018, 2019, and
2020; failed to establish and maintain a comprehensive system of
internal controls over its cybersecurity practices; and breached
its fiduciary duties owed to T-Mobile and its
shareholders.
If you wish to discuss this investigation or have any questions
concerning this notice or your rights or interests, please visit
our website at https://www.weisslaw.co/news-and-cases/tmus/ or
contact Josh Rubin at
stocks@weisslaw.co or (888) 593-4771. For more information
about the firm, please go to: http://www.weisslaw.co.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients. For more information about the firm,
please go to: http://www.weisslaw.co
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SOURCE WeissLaw LLP