|Company name||Meredith Corporation|
NEW YORK, November 14, 2019 –Bragar Eagel & Squire is investigating certain officers and directors of Meredith Corporation (NYSE: MDP) following a class action complaint that was filed against Meredith Corporation on September 6, 2019.
The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) the Time, Inc. acquisition was not as profitable as the company had claimed; (2) that the company would incur additional costs for strategic investments to improve the Time business; (3) that, as a result, the company’s earnings would be materially and adversely impacted; and (4) that, 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.
If you are a long -term stockholder of Meredith Corporation shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, telephone at (212) 308-5858, or by filling out the form below. There is no cost or obligation to you.