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If you purchased shares of United States Cellular Corp (NYSE:USM) and currently hold any of those NYSE:USM shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
May 11, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of United States Cellular Corp (NYSE:USM) was announced over potential breaches of fiduciary duties by certain officers and directors at United States Cellular.
The investigation by a law firm concerns whether certain United States Cellular Corp (NYSE:USM officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
United States Cellular Corp reported that its annual Total Revenue rose from over $3.89 billion in 2014 to over $3.99 billion in 2015 and that its Net loss of $42.81 million in 2014 turned into a Net Income of $241.35 million in 2015.
On May 6, 2016, United States Cellular Corp reported its first quarter 2016 results and issued its outlook for its fully year 2016 results.
Shares of United States Cellular Corp (NYSE:USM0 declined from $42.72 per share on May5, 2016 to as low as $35.66 per share on May 6, 2016.
On May 11, 2016, NYSE:USM shares closed at $38.83 per share.
