LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of The Interpublic Group of Companies, Inc. (“IPG” or the “Company”) (NYSE: IPG) investors concerning the Company and its officers’ possible violations of federal securities laws.
On December 6, 2016, The Wall Street Journal reported that the U.S. Department of Justice was investigating IPG, noting that the Company possibly steered commercial production business to their in-house production units over independent companies by rigging the bidding process. On this news, shares of IPG fell over 3% on December 6, 2016.
Shortly thereafter, on December 16, 2016, The Wall Street Journal disclosed that IPG acknowledged that it was contacted by the Justice Department’s antitrust division, which requested documents related to the Company’s video production practices. On this news, shares of IPG fell again, closing at $23.88 on December 16, 2016, thereby injuring investors.
If you purchased IPG securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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