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NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Sprint Corporation (“Sprint” or the “Company”) (NYSE:S) of
the June 21, 2019 deadline to seek the role of lead plaintiff in a
federal securities class action that has been filed against the Company.

If you invested in Sprint stock or options between January 31, 2019
and April 16, 2019
and would like to discuss your legal rights, click
here
: www.faruqilaw.com/S.
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
877-247-4292
or at 212-983-9330 or by sending an e-mail to [email protected].

The lawsuit has been filed in the U.S. District Court for the Southern
District of New York on behalf of all those who purchased Sprint common
stock between January 31, 2019 and April 16, 2019 (the “Class Period”).
The case, Meneses v. Sprint Corporation et al., No. 19-cv-03549
was filed on April 22, 2019, and has been assigned to Judge Andrew L.
Carter, Jr.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by misrepresenting the number of net postpaid
subscriber additions in its Form 10-Q for the period ending December 31,
2018. In a subsequent letter to the FCC, Sprint admitted that its Form
10-Q disclosures were “incomplete” and that the reported net subscriber
increase included those offered “free lines.”

On April 15, 2019, Sprint filed a letter with the Federal Communications
Commission (“FCC”) regarding Applications of T-Mobile US, Inc. and
Sprint Corporation for Consent to Transfer Control of Licenses and
Authorizations. The FCC Letter revealed that the Company’s postpaid net
additions had recently been driven by ‘free lines’ offered to Sprint
customers and the inclusion of less valuable tablet and other non-phone
devices.

On this news, the Company’s stock price fell from $6.10 per share on
April 12, 2019 to $5.88 per share on April 15, 2019—a $0.22 or 3.61%
drop.

Then, the Wall Street Journal published another article on April
18,2019 entitled “Sprint Tells Regulators Its Business Is Worse Than
Earlier Portrayed.”

On this news, the Company’s stock price fell from $6.01 per share on
April 16, 2019 to $5.64 per share on April 17, 2019—a $0.37 or 6.16%
drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Sprint’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential
manner.

Contacts

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New
York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone:
(877) 247-4292 or (212) 983-9330