MetroPCS Communications Inc PCS Securities Stock Fraud

Company:	MetroPCS Communications Inc
Ticker Symbol:	PCS
Class Period:	Feb-26-09 to Nov-4-09
Date Filed:	Dec-16-09
Lead Plaintiff Deadline:	Feb-14-10
Court:	Northern District of Texas
Allegations:

A class action lawsuit has been filed in the United States District Court for the Northern District of Texas on behalf of purchasers of MetroPCS Communications Inc. ("MetroPCS") (NYSE: PCS) common stock during the period between February 26, 2009 and November 4, 2009 (the "Class Period").

The complaint alleges that during the Class Period defendants issued a series of false and misleading statements regarding the Company's business. Defendants' statements allegedly misrepresented and failed to disclose the following adverse facts: (a) the Company was losing customers at a higher rate than previously experienced and was failing to add new customers due to increased competition; (b) the Company's average revenue per user was lower than expected due to an increase in promotional activity; (c) the Company's increase in subscribers in the first quarter was due to a promotion whereby customers received the first month free and could cancel without penalty; (d) the reported new subscriber numbers were artificially inflated by the inclusion of upgraded subscribers as new additions; (e) the costs of acquiring new customers was increasing due to an intensification of the Company's marketing campaigns in the Northeast market along with its promotional activities; and (f) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

On November 5, 2009, before the market opened, MetroPCS issued a press release announcing its third quarter 2009 financial results, reporting that the Company's net additions were below expectations due to elevated churn and a deceleration in gross additions, and lowering its guidance for the year. In response, the price of MetroPCS stock fell almost 10 percent.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

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