SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Grupo Televisa, S.A.B. (TV)
NEW YORK, Jan. 26, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Grupo Televisa, S.A.B. ("Grupo Televisa " or the "Company") (NYSE: TV). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/tv.
The investigation concerns whether Grupo Televisa and certain of its officers and/or directors have violated Federal Securities Laws.
On January 26, 2018, Televisa announced that "the Company's management, in consultation with the Audit Committee of the Company's board and after discussions with PricewaterhouseCoopers, S.C. ("PwC"), the Company's independent registered public accounting firm, has concluded that certain material weaknesses in the Company's internal control over financial reporting existed as of December 31, 2016." Specifically, Televisa advised investors that "[t]he material weaknesses in the Company's internal control over financial reporting related to (1) the design and maintenance of effective controls over certain information technology controls which support systems that are relevant to the provisioning, updating and deleting of users' access to those systems, the periodic review of users' access to these systems, developers' access to certain of these systems and appropriate segregation of duties; (2) the design and maintenance of effective controls over segregation of duties within the accounting system, including certain individuals with the ability to gain access to prepare and post journal entries across substantially all key accounts of the Company without an independent review performed by someone other than the preparer; and (3) ineffective controls with respect to the accounting for certain revenue and related accounts receivable in our cable companies and content division." On this news, Televisa's American depositary receipt price has fallen sharply during intraday trading on January 26, 2018.
If you are aware of any facts relating to this investigation, or purchased Grupo Televisa shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/tv. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC
