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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Grupo Televisa, S.A.B. Investors (TV)
[April 20, 2018]

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Grupo Televisa, S.A.B. Investors (TV)


Glancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired securities of Grupo Televisa, S.A.B. ("Televisa" or the "Company") (NYSE: TV) between April 11, 2013 and January 25, 2018, inclusive (the "Class Period"). Televisa investors have until May 4, 2018 to file a lead plaintiff motion. To obtain information and actively participate in the class action, please visit: www.glancylaw.com/case/grupo-televisa-sab.

Investors that suffered losses on their Televisa investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [email protected].



On November 14, 2017, Reuters (News - Alertreported that a prosecution witness in the trial of three former soccer officials testified that Televisa paid bribes to secure television rights for soccer matches. On this news, Televisa's ADR price fell $0.48, or 2.4%, to close at $19.50 on November 14, 2017, thereby injuring investors.

The Complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants failed to disclose that: (i) Televisa executives engaged in an unlawful bribery scheme involving Fédération Internationale de Football Association ("FIFA") executives; (ii) discovery of the foregoing conduct would likely subject the Company to heightened regulatory scrutiny; (iii) the Company lacked effective internal controls over financial reporting; and (iv) as a result of the foregoing, Televisa's ADRs traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.


Follow us for updates on Twitter (News - Alert): twitter.com/GPM_LLP.

If you purchased shares of Televisa during the Class Period you may move the Court no later than May 4, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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


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