MILWAUKEE, Sept. 6, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating possible securities fraud claims
against Meredith Corporation (NYSE: MDP) resulting from
inaccurate statements Meredith made regarding its business
practices, financial statements and prospects.
Click here to learn more about the investigation:
http://ademilaw.com/case/meredith-corporation or call Guri Ademi toll-free at 866-264-3995. There is
no cost or obligation to you.
The investigation focuses on whether Meredith issued false and
misleading statements regarding its business practices and
prospects. Specifically, despite repeated reassurances to the
contrary, Meredith's acquisition of certain print assets of Time
Inc. was not producing anticipated financial results, as
Meredith was taking longer to turn around the advertising
performance of these assets. Moreover, the number of
low-margin magazine subscriptions Meredith encountered inside the
legacy Time Inc. brands was more than anticipated. As noted by Wolf
Research analyst Marci Ryvicker,
Meredith "didn't know what they were buying with Time Inc.," and
most of the $400 million in earnings
that Meredith was expecting "just...poof! disappeared."
If you wish to obtain additional information or have information
about Meredith, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, http://ademilaw.com/case/meredith-corporation.
We specialize in securities fraud and shareholder
litigation. For more information, please feel free to call
us. Attorney advertising. Prior results do not guarantee
similar outcomes.
Contact:
Ademi & O'Reilly, LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com
View original
content:http://www.prnewswire.com/news-releases/investor-alert-ademi--oreilly-llp-investigates-possible-securities-fraud-of-meredith-corporation-300913094.html
SOURCE Ademi & O'Reilly, LLP