Vodafone Group Plc
|Company Name||Vodafone Group Plc|
|Lead Plaintiff Motion Deadline||January 10, 2018|
On January 10, 2018, the Australian Communications and Medi Authority ("ACMA)" announced that an investigation into Vodafone Australia ("VHA") revealed that VHA had breached Australian law by permitting customers to purchase pre-paid mobile phones without first verifying their identities. VHA has entered into an enforceable duty with ACMA to ensure that its identity checks are up to date.
On this news, Vodafone's American Depositary Receipt price has fallen sharply during intraday trading on January 11, 2018, thereby injuring investors.
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