Time Inc (NYSE:TIME) Investor Investigation Over Potential Wrongdoing 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

May 17, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Time Inc (NYSE:TIME) was announced over potential breaches of fiduciary duties by certain officers and directors at Time Inc.

The investigation by a law firm concerns whether certain Time officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On February 11, 2016, Time Inc reported its financial results for its fourth quarter and year ended December 31, 2015 and issued its outlook for 2016. Time Inc reported that its annual Total Revenue declined from over $3.28 billion in 2014 to over $3.1 billion in 2015 and that its Net Income of $87 million declined to a Net Loss of $881.00 million in 2015. Shares of Time Inc (NYSE:TIME) declined from as high as $25.62 per share in July 2014 to as low as $12.23 per share on February 11, 2016.