Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Time Inc (NYSE: TIME) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Time Inc (NYSE: TIME) concerning whether a series of statements by Time Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 10, 2017, the Company revealed in a press release an 8% decline in total revenue. Time also stated that the dividend would be slashed amid a push to cut costs, following the decision not to sell the Company.
On this news, NYSE: TIME dropped over 14.0% on May 10, 2017.
Based in New York, New York, and founded in 1922 Time Inc operates as a multi-platform media and content company the United States, the United Kingdom, and internationally.
If you purchased shares of Time Inc (NYSE: TIME) on or before May 10, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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