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CLASS ACTION UPDATE for UMC, BA and S: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / May 10, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided.

United Microelectronics Corporation (UMC)

Class Period: October 28, 2015 - November 1, 2018
Lead Plaintiff Deadline : May 13, 2019
Join the action: https://www.zlk.com/pslra-1/united-microelectronics-corporation-loss-form?prid=1475&wire=1

The lawsuit alleges: United Microelectronics Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) UMC conspired with Fujian to steal trade secrets from Micron relating to its research and development of Dynamic Random-Access Memory ("DRAM"); (ii) UMC hired former Micron employees for the purpose of stealing such information from Micron; (iii) the foregoing conduct placed UMC and certain of its employees at an increased risk of criminal and regulatory investigation by the U.S. government; and (iv) as a result, UMC's public statements were materially false and misleading at all relevant times.

To learn more about the United Microelectronics Corporation class action contact jlevi@levikorsinsky.com.

The Boeing Company (BA)

Class Period: January 8, 2019 - March 21, 2019
Lead Plaintiff Deadline : June 10, 2019
Join the action: https://www.zlk.com/pslra-1/the-boeing-company-loss-form-2?prid=1475&wire=1

The lawsuit alleges: The Boeing Company made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) Boeing's 737 MAX airplanes were not as safe as previous models, therefore Boeing included undisclosed ''hacks'' created by engineering compromises and the lack of safety features which Boeing sold as ''optional'' add-ons which were designed to help address these safety concerns; (2) most airlines did not purchase these safety ''options''; (3) the Federal Aviation Administration granted Boeing its own oversight and certification of Boeing's new flight control system, or Maneuvering Characteristics Augmentation Systems, which was a clear conflict of interest as Boeing was rushing the 737 MAX airplanes to market; and (4) as a result of the foregoing, Boeing's public statement were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To learn more about the The Boeing Company class action contact jlevi@levikorsinsky.com.

Sprint Corporation (NYSE:S)

Class Period: January 31, 2019 - April 16, 2019
Lead Plaintiff Deadline : June 21, 2019
Join the action: https://www.zlk.com/pslra-1/sprint-corporation-loss-form?prid=1475&wire=1

The complaint alleges that Sprint made materially false and misleading statements and/or failed to disclose material information. In particular, the complaint alleges that throughout the class period Sprint misrepresented the number of net postpaid subscriber additions in its Form 10-Q for the period ending December 31, 2018. Sprint would later admit that the data was ''incomplete,'' and ''not a substitute for a realistic analysis of the key factors that are most probative of Sprint's overall competitive position and prospects,'' because ''postpaid net additions recently have been driven by ‘free lines' offered to Sprint customers and the inclusion of less valuable tablet and other non-phone devices, as well as pre to post migrations that do not represent ‘new' Sprint customers.''

To learn more about the Sprint Corporation class action contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP



View source version on accesswire.com:
https://www.accesswire.com/545063/CLASS-ACTION-UPDATE-for-UMC-BA-and-S-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders