Lawsuit for Investors in shares of Meredith Corporation (NYSE: MDP) announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / October 8, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Meredith Corporation (NYSE:MDP).

Investors, who purchased shares of Meredith Corporation (NYSE: MDP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The plaintiff alleges that the Defendants failed to disclose to investors the Time, Inc. acquisition was not as profitable as the Company had claimed, that the Company would incur additional costs for strategic investments to improve the Time business, that, as a result, the Company's earnings would be materially and adversely impacted, and 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.

Those who purchased Meredith Corporation (NYSE: MDP) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 562444