Time Inc (NYSE:TIME) Investor Investigation Over Possible Violations Of Securities Laws Announced

If you purchased shares of Time Inc (NYSE:TIME) and currently hold any of those NYSE:TIME shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Time
Affected Securities: 
NYSE: TIME

An investigation on behalf of investors of Time Inc (NYSE:TIME) shares over potential securities laws violations by Time Inc (NYSE:TIME and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Time Inc (NYSE:TIME) concerning whether a series of statements by Time Inc (NYSE:TIME regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

New York based Time Inc. is a media and content company.Time Inc reported its annual Total Revenue declined from over $3.1 billion in 2105 to over $3.07 billion in 2016 and that its Net Loss decreased from $881 million in 2015 to $48 million in 2016.

On May 10, 2017, Time announced its first quarter 2017 results. Time Inc. announced an eight percent decline in total revenue, which it attributed in part to distractions caused by earlier efforts to sell the Company.

Shares of Time Inc (NYSE:TIME) declined from $19.65 per share in March 2017 to as low as $11.85 per share on May 19, 2017.