SAN DIEGO, Nov. 27, 2017 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel LLP is investigating potential
violations of the federal securities laws by Time Inc. (NYSE:
TIME). Time together with its subsidiaries operates as a
multi-platform media and content company.
On May 10, 2017, Time issued a
press release announcing its fourth straight drop in quarterly
sales and a bigger-than-expected loss. The Company also stated that
the dividend would be slashed amid a push to cut costs, following
the decision not to sell the Company. After this news, shares of
Time fell over 14.0% on May 10, 2017.
On November 27, 2017, Time announced
they were being acquired by Meredith Corporation for $18.50 a share.
If you have information that could assist in this investigation,
including past employees and others, or if you are a Time
shareholder and are interested in learning more about the
investigation or your legal rights and remedies, please contact
Jim Baker
(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If
emailing, please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP