Grupo Televisa S.A.B. (TV) Investigated By Block & Leviton LLP For Violations Of The Federal Securities Laws

BOSTON, Jan. 26, 2018 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Grupo Televisa S.A.B. ("Grupo Televisa" or the "Company") (NYSE: TV) and certain of its officers and directors violated federal securities laws.

On January 26, 2018, Grupo Televiso disclosed that "the Company's management, in consultation with the Audit Committee of the Company's board and after discussions with PricewaterhouseCoopers, S.C. ('PwC'), the Company's independent registered public accounting firm, has concluded that certain material weaknesses in the Company's internal control over financial reporting existed as of December 31, 2016," including "controls with respect to the accounting for certain revenue." As a result, the Company announced that "the effectiveness of the Company's internal control over financial reporting" included in PwC's audit report for the year ended December 31, 2016 should no longer be relied upon.

On this news, Grupo Televisa shares declined dramatically in intraday trading, causing harm to investors.

If you purchased or otherwise acquired Grupo Televisa securities and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at [email protected], or by visiting www.blockesq.com/grupo.

Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

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CONTACT:

Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
[email protected]

SOURCE Block & Leviton LLP

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