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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 5, 2019 to file lead plaintiff applications in a securities class action lawsuit against Meredith Corporation (NYSE: MDP).
Meredith and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On September 5, 2019, the Company disclosed a disappointing forecast including adjusted EBITDA for full-year fiscal 2020 in the range of $640 million to $675 million, well below analysts’ expectations of $793 million, and profitability difficulties related to its $1.8 billion acquisition of Time Inc.
On this news, the price of Meredith’s shares plummeted more than 23%.
If you purchased securities of Meredith and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Wirthwein v. Meredith Corporation, 1:19-cv-08340. Click here to read the case complaint.