Market Overview

March 27 Deadline Alert: Tostrud Law Group, P.C. Reminds Investors of Upcoming Deadline in the Class Action Lawsuit Against BT Group plc


Law Group, P.C.
reminds investors of the March 27, 2017
deadline to file a lead plaintiff motion in the class action filed on
behalf of a class of investors who acquired BT Group plc ("BT" or the
"Company") (NYSE: BT)
securities between May 23, 2013, and January 23, 2017, inclusive
(the "Class Period"). BT investors have until March 27, 2017 to
file a lead plaintiff motion. Injured investors are encouraged to
contact Jon Tostrud, Esq. to discuss their legal rights.

On January 24, 2017, BT disclosed that an internal accounting
investigation identified a significant overstatement of earnings in BT's
Italian business, that would require adjustments of approximately £530

The Company further disclosed that, "The improper behavior in our
Italian business is an extremely serious matter, and we have taken
immediate steps to strengthen the financial processes and controls in
that business. We suspended a number of BT Italy's senior management
team who have now left the business. We have also appointed a new Chief
Executive of BT Italy who will take charge on 1 February 2017. He will
review the Italian management team and will work with BT Group Ethics
and Compliance to improve the governance, compliance and financial
safeguards in our Italian business."

On this news, BT shares fell over 20%, or nearly $5.05 per share, to
close on January 24, 2017 at $19.38.

The complaint filed in this class action alleges that Defendants made
materially false and/or misleading statements and/or failed to disclose
that: (1) BT's Italian division had engaged in improper accounting
practices; (2) BT thus significantly overstated its earnings; (3) the
above mentioned would likely cause BT to cut its revenue, earnings, and
free cash flow forecasts; and (4) consequently, BT's public statements
were materially false and misleading.

BT investors have until March 27, 2017 to move the Court to
appoint you as lead plaintiff if you meet certain legal requirements. If
you have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Jon
, Esquire, of Tostrud Law Group, P.C., 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, at (310) 278-2600 or by
e-mail at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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