Grupo Televisa, S.A.B. (TV) $95M Shareholder Settlement

Grupo Televisa, S.A.B. (TV) settles $95M with Investors.

The complaint alleged that the Company & its Leaders made materially false and misleading statements about the Company's business, operations, and compliance policies, per the Complaint. It specifically claimed that the Defendants made false and/or misleading statements and/or failed to disclose that:

• Televisa executives had engaged in an unlawful bribery scheme with FIFA executives;

• if discovered, the aforementioned conduct would have subjected the Company to heightened regulatory scrutiny;

• the Company lacked effective internal controls over financial reporting;

As a result of the aforementioned, Televisa's ADRs traded at artificially inflated prices during the Class Period, causing class members to suffer significant losses and damages.