[November 06, 2015]

Law Offices of Howard G. Smith Commences Investigation on Behalf of VimpelCom Ltd. Investors

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of VimpelCom Ltd. ("VimpelCom" or the "Company") (NASDAQ: VIP) concerning the Company's and its officers' possible violations of federal securities laws. Law Offices of Howard G. Smith is preparing a lawsuit to recover damages on behalf of injured VimpelCom investors.

On March 12, 2014, the Company announced that it was facing investigations by both the SEC (News - Alert) and Dutch authorities related to its operations in Uzbekistan. Then, on March 18, 2014, the Company disclosed that the U.S. Department of Justice had initiated an investigation into VimpelCom's operations in Uzbekistan. And, in August 2015, U.S. authorities allegedl requested that roughly $1 billion in VimpelCom assets be seized in a wide-ranging criminal probe of alleged corruption by the Company and two other companies, Mobile TeleSystems (News - Alert) PJSC and TeliaSonera AB, for paying hundreds of millions of dollars in bribes to secure wireless spectrum in Uzbekistan. Finally, on November 3, 2015, the Company announced that it had set aside $900 million in litigation costs to deal with the U.S. and European investigations into its Uzbekistan operations. VimpelCom investors have suffered greatly by the sharp decline in the Company's share price following these various disclosures.

If you purchased VimpelCom securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20151106005856/en/

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