Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Grupo Televisa, S.A.B. (TV)

LOS ANGELES, May 03, 2018 -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the May 4, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Grupo Televisa, S.A.B. (“Televisa” or the “Company”) (NYSE:TV) securities between April 11, 2013 and January 25, 2018, inclusive (the “Class Period”).

To obtain information or actively participate in the class action, please visit the Televisa page on our website at www.glancylaw.com/case/grupo-televisa-sab.

Investors suffering 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 reported 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.

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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. 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.

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Contacts
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
www.glancylaw.com 
[email protected]