SHAREHOLDER COMPLAINT: Levi & Korsinsky LLP Files Case in U.S. District Court Arising Out of Alleged Misleading Statements In Time Warner Inc.’s Merger Proxy – Sets Lead Plaintiff Deadline of April 10, 2017
NEW YORK, Feb. 07, 2017 (GLOBE NEWSWIRE) -- To: Anyone that held shares of Time Warner Inc. (“Time Warner”) (NYSE:TWX) as of January 3, 2017 and continues to hold those shares. Pursuant to an Order entered by the United States District Court for the Southern District of New York, you are hereby notified that Levi & Korsinsky commenced the class action Collura v. Time Warner, Inc. et al. (Case No. 1:17-cv-00399) in same Court.
To get more information contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, or toll-free at (877) 363-5972. There is no cost or obligation to you.
The complaint alleged that the Proxy Statement filed by Time Warner concerning its proposed merger with AT&T was materially deficient and misleading because it failed to disclose material information regarding GAAP reconciliation of certain non-GAAP financial metrics included in the Company’s financial projections. The complaint further alleged that, as a result of the misleading Proxy, stockholders lacked material information necessary for an informed vote on the proposed transaction. Time Warner filed corrective disclosures with the United States Securities and Exchange Commission on a Form 8-K on February 3, 2017 to address and moot the alleged misrepresentations and omissions. The vote is scheduled for February 15, 2017.
If you hold TWX stock you have until April 10, 2017 to request that the Court appoint you as lead plaintiff. Your standing as a class member does not require that you serve as a lead plaintiff.
Levi & Korsinsky LLP is a national law firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive experience representing investors in securities lawsuits, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes. We welcome the opportunity to discuss your particular case. All communications will be treated confidentially.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
