Please complete this form and list your purchase and sale transaction(s) Grupo Televisa, S.A.B. (NYSE: TV) American Depositary Receipt (“ADR”) between April 11, 2013 and January 25, 2018, both dates inclusive (the “Class Period”).
You may also contact James Maro, Esq. (484) 270-1453; or you may submit your information via email at firstname.lastname@example.org; or you may click here to print a PDF of this form.
On March 5, 2018, the initial complaint in this securities class action was filed against Grupo Televisa S.A.B. (“Televisa” or the “Company”), and certain of Televisa’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action lawsuit brought on behalf all individuals and entities who purchased or otherwise acquired Televisa ADRs from April 11, 2013 through January 25, 2018, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Televisa executives engaged in an unlawful bribery scheme involving Federation Internationale de Football Association executives; (2) discovery of the foregoing conduct would likely subject the Company to heightened regulatory scrutiny; (3) the Company lacked effective internal controls over financial reporting; and (4) 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.
Current Status of Case:
On August 6, 2018, Plaintiffs filed an amended complaint (the “Amended Complaint”). Defendants filed a Motion to Dismiss the Amended Complaint on October 15, 2018. The Court denied Defendants’ Motion to Dismiss on March 25, 2019. On June 29, 2020, the Court certified the Class. On December 17, 2021, the Court issued a Scheduling Order which requires fact discovery to conclude by March 31, 2022 and a settlement conference is set to be held on June 14, 2022. This action is still ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at email@example.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.