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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Time Inc. (delisted) | NYSE:TIME | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.50 | 0 | 00:00:00 |
From Dec 2019 to Dec 2024
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
View original content:http://www.prnewswire.com/news-releases/time-alert-johnson-fistel-investigates-time-inc-purchasers-between-february-16-2017-and-may-10-2017-encouraged-to-contact-firm-300562160.html
SOURCE Johnson Fistel, LLP
Copyright 2017 PR Newswire
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