An investigation for investors in Twenty-First Century Fox Inc (NASDAQ:FOXA) shares over potential securities laws violations by Twenty-First Century Fox was announced.
San Diego, CA -- (SBWIRE) -- 11/28/2017 -- Twenty-First Century Fox Inc is under investigation over potential securities laws violations. The investigation was announced for investors who purchased NASDAQ:FOXA shares.
Investors who purchased shares of Twenty-First Century Fox Inc (NASDAQ:FOXA), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Twenty-First Century Fox regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based Twenty-First Century Fox, Inc. is a media and entertainment company. Twenty-First Century Fox Inc reported that its Total Revenue rose from $27.32 billion for the 12 months period that ended on June 30, 2016 to $28.5 billion for the 12 months period that ended on June 30, 2017 and that its Net Income for those respective time period increased from over $2.76 billion to over $2.99 billion.
On November 14, 2017, at the corruption trial of three former executives of the Fédération Internationale of Football Association ("FIFA"), a former executive of the sports-marketing company Torneos y Competencias SA testified that several companies, including Fox Sports, had paid bribes in order to win lucrative, multiyear broadcasting rights for tournaments.
Specifically, the former executive testified that Fox Sports wanted to use "the TV rights to expand its Fox signal in all of the Americas, from Argentinato the U.S.A."
Those who purchased shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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