Pawar Law Group Reminds Investors of November 5 Deadline in Securities Class Action Lawsuit Against Meredith Corporation- MDP
NEW YORK, Nov. 01, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit on behalf of shareholders who purchased shares of Meredith Corporation (NYSE: MDP) from May 10, 2018 through September 4, 2019 inclusive (the Class Period).
NEW YORK, Nov. 01, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit on behalf of shareholders who purchased shares of Meredith Corporation (NYSE: MDP) from May 10, 2018 through September 4, 2019 inclusive (the “Class Period”). The lawsuit seeks to recover damages for Meredith Corporation investors under the federal securities laws.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 5, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
To express an interest in the class action, go to http://pawarlawgroup.com/cases/meredith-corporation/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: the Company made false and misleading statements to the market. Meredith overinflated the profitability of the Time Inc. merger. In fact, the Company was forced to make significant investments in the Time business to improve it. These investments negatively impacted the Company’s earnings. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Meredith, investors suffered damages.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff. Attorney advertising.
Pawar Law Group represents investors from around the world.
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Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
[email protected]
