Levi & Korsinsky, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Telephone and Data Systems, Inc. Securities (NYSE: TDS)

Core Points - The United States District Court for the Northern District of Illinois has approved a proposed class action settlement for purchasers of Telephone and Data Systems, Inc. (TDS) securities, amounting to $7,750,000 [1][2][3] - The settlement is intended for individuals and entities who acquired TDS securities between May 6, 2022, and November 3, 2022, excluding certain defendants and their affiliates [1][2] - The average recovery per share is estimated to be approximately $0.50 for TDS common stock, $0.11 for TDS Series UU preferred stock, and $0.10 for TDS Series VV preferred stock, before deductions [2][3] Settlement Details - A cash fund of $7,750,000 will be created for distribution among eligible Settlement Class Members after deducting court-awarded fees and expenses [3] - A Settlement Hearing is scheduled for September 3, 2025, to evaluate the fairness and adequacy of the settlement and the proposed plan for allocating proceeds [4] - Members of the Settlement Class must submit a Claim Form by August 27, 2025, to be eligible for a distribution from the Net Settlement Fund [6][7] Exclusion and Objection Process - Settlement Class Members wishing to exclude themselves must submit a written request by August 13, 2025, to avoid being bound by the court's judgments [7] - Any objections to the proposed settlement or related applications must also be filed by August 13, 2025 [8]