The action alleges the Alamosa falsely claimed (a) that it was increasing its subscriber base by relaxing its credit criteria for new customers, i.e., the company's subscriber growth was the result of the extension of credit to high credit risk customers; (b) that it had been experiencing high involuntary disconnections related to its high credit risk customers and as a result was carrying tens of millions of dollars of impaired receivables on its financial statements; and (c) that upon the tightening of credit standards, it experienced lower subscription growth as a result of its policy that required credit-challenged customers pay substantial deposits upon the initiation of services.
Upon the disclosure of the true facts about Alamosa, the price of its securities declined materially.

If you bought Alamosa common stock between January 9, 2001 and June 13, 2002, and you wish to serve as lead plaintiff, you must request it of the court no later than January 19, 2004. Any member of the purported class may request appointment as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.