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Grupo Televisa, S.A.B.
According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: (1) Grupo Televisa executives engaged in an unlawful bribery scheme involving Fédération Internationale de Football Association (“FIFA”) executives; (2) discovery of the foregoing conduct would likely subject Grupo Televisa to heightened regulatory scrutiny; and (3) Grupo Televisa lacked effective internal controls over financial reporting. When the truth was revealed to the investing public, shares of Grupo Televisa fell $0.48 per share to close at $19.50 per share on November 14, 2017, causing shareholders harm.
Case has been filed