SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action
Against NII HOLDINGS, INC. and Its Board of Directors and a
Lead Plaintiff Deadline of May 5, 2014 -- NIHD
NEW YORK, NY -- (Marketwired) -- 03/20/14 -- Levi & Korsinsky
announces that a class action lawsuit has been commenced in the
United States District Court for the Eastern District of Virginia on
behalf of investors who purchased NII Holdings, Inc. ("NII" or the
"Company") (NASDAQ: NIHD) common stock between February 25, 2010 and
February 27, 2014, inclusive, or who otherwise acquired NII
securities, including debt securities due in 2021 and paying interest
at a rate of 7.625 percent per year issued by NII's subsidiary, NII
Capital Corp. ("NII Capital") pursuant to offerings on or around
March 25, 2011 and December 5, 2011.
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The complaint alleges that during the Class Period, defendants made
materially false and misleading statements and/or concealed material
information relating to the Company's business, financial state, and
future prospects. Specifically, the complaint alleges that NII and
NII Capital improperly concealed the Company's failing efforts to
modernize its telecommunications network and expand its subscriber
base, and failed to disclose material adverse information in offering
documents it filed with the SEC in connection with the issuance of
NII Capital Notes in March and December of 2011.
If you suffered a
loss in NII you have until May 5, 2014 to request that the Court
appoint you as lead plaintiff. Your ability to share in any recovery
doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email
at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://zlk.9nl.com/nii-holdings-nihd.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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