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Grupo Televisa ADR Shareholder Alert: Class Action Filed

Grupo Televisa ADR Shareholder Alert: Class Action Filed

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Class Action Filed on Behalf of Purchasers and Acquirers of Grupo Televisa, S.A.B. American Depositary Receipts Between April 11, 2013 and January 25, 2018, Both Dates Inclusive

Kehoe Law Firm, P.C. continues its investigation of securities claims on behalf of Grupo Televisa, S.A.B. American Depositary Receipt shareholders and reports that a class action lawsuit was filed in United States District Court, Southern District of New York, on behalf of shareholders who purchased, or otherwise acquired, Grupo Televisa ADRs (NYSE: TV) between April 11, 2013 and January 25, 2018, both dates inclusive (the “Class Period”).  The class action lawsuit seeks to recover damages for Grupo Televisa ADR investors of under the federal securities laws.

Grupo Televisa’s Alleged Materially False and Misleading Statements Regarding Its Business, Operational, and Compliance Policies

According to the class action complaint, during the Class Period, Mexico City, Mexico-based Grupo Televisa

. . . made materially false and misleading statements regarding [Grupo Televisa’s] business, operational and compliance policies. Specifically, [the Grupo Televisa] Defendants made false and/or misleading statements and/or failed to disclose that: (i) Televisa executives engaged in unlawful bribery schemes involving Fédération Internationale de Football Association (“FIFA”) executives; (ii) discovery of the foregoing conduct would subject [Televisa] to heightened regulatory scrutiny; (iii) [Televisa] 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.

Grupo Televisa ADR Shareholders and Investors

If you purchased, or otherwise acquired, Grupo Televisa ADRs and have questions or concerns about the securities investigation or your potential legal rights, please contact John A. Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], complete the form above on the right or e-mail [email protected].

GRUPO TELEVISA ADR SHAREHOLDERS WHO WISH TO SERVE AS LEAD PLAINTIFF MUST MOVE THE COURT TO SEEK APPOINTMENT AS LEAD PLAINTIFF NO LATER THAN MAY 4, 2018. 
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE ACTION.  UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND NOT TAKE ANY ACTION AT THIS TIME.
Kehoe Law Firm, P.C.