Levi & Korsinsky Announces Meredith Corporation Class Action Investigation; MDP Lawsuit

Class Action Reports

Levi & Korsinsky Announces Meredith Corporation Class Action Investigation; MDP Lawsuit

Levi & Korsinsky, LLP

September 30, 2019

Levi & Korsinsky, LLP announces that a MDP class action lawsuit has been commenced on behalf of investors who purchased Meredith Corporation, (MDP) securities between January 31, 2018 and September 5, 2019. For more on the Meredith Corporation Class Action please contact us today.

According to the Meredith Corporation lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Time, Inc. acquisition was not as profitable as the Company had claimed; (2) the Company would incur additional costs for strategic investments to improve the Time business; (3) as a result, the Company’s earnings would be materially and adversely impacted; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE MDP CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/meredith-corporation-loss-form?prid=3642&wire=1

If you suffered a loss in Meredith Corporation you have until November 5, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com