Grupo Televisa S.A.B.


Case Summary
Company Name: Grupo Televisa S.A.B.
Stock Symbol : NYSE:TV
Class Period Start: 04/11/2013
Class Period End: 01/25/2018
Lead Plaintiff motion: 05/04/2018
Date Filed: 03/05/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York

Thieler Law Corp advises investors with losses exceeding $100,000 of the May 4, 2018 lead plaintiff deadline in a class action lawsuit filed against Grupo Televisa SAB (ADR) (NYSE:TV) (“Grupo Televisa” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Grupo Televisa securities between April 11, 2013 and January 25, 2018, have until May 4, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Grupo Televisa securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Grupo Televisa executives engaged in an unlawful bribery scheme involving Fédération Internationale de Football Association (“FIFA”) executives; discovery of the foregoing conduct would likely subject Grupo Televisa to heightened regulatory scrutiny; and Grupo Televisa lacked effective internal controls over financial reporting.

On November 14, 2017, one former executive of the sports marketing company Torneos y Competencias SA testified that several companies—including Grupo Televisa—had paid bribes in order to secure media rights for soccer tournaments.

Following this news, NYSE:TV fell $0.48, or 2.4%, to close at $19.50 on November 14, 2017.

On January 26, 2018, the Company revealed that its Audit Committee had determined that certain material weaknesses in the Company’s internal control over financial reporting existed as of December 31, 2016.

If you were negatively impacted by your investment in Grupo Televisa securities between April 11, 2013 and January 25, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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