NEW YORK, Nov. 14, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Twenty-First Century Fox, Inc. ("Fox" or the "Company") (NASDAQ: FOXA). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Fox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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 Argentina to the U.S.A."
On this news, Fox's share price fell $0.51, or 1.83%, to close at $27.31 on November 14, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
SOURCE Pomerantz LLP