Recent Security Class Actions

Grupo Televisa S.A. Common Stock (NYSE: TV)

Company Name:Grupo Televisa S.A. Common Stock
Stock Symbol:NYSE: TV
Class Period Start:04/11/2013
Class Period End (inclusive):11/17/2017
Filing Deadline:05/04/2018

According to the law firm press release, Grupo Televisa, S.A.B. operates media and entertainment businesses in the Spanish speaking world. The Company has interests in television production and broadcasting, programming, direct-to-home satellite services, publishing and publishing distribution, cable television, radio production, show business, feature films and Internet portals.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. The Complaint specifically alleges that Defendants made false and/or misleading statements and/or 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.