Update in Rensin v. United States Cellular Corp., et al., Case No. 1:23-cv-02764

A settlement has been reached and was preliminarily approved on May 8, 2025. The settlement provides for the payment of $7.75 million to eligible class members. Lead plaintiff Howard M. Rensin, Trustee of the Rensin Joint Trust, alleged violations of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 based on the defendants’ alleged false and misleading statements concerning United States Cellular Corp.'s ("USM's") expense discipline with respect to promotions, the timeline for benefits from USM's promotions, USM's subscriber churn, and declines in in-store traffic. 

The hearing on the Motion for Final Approval is scheduled for September 3, 2025.