NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) resulting from allegations that Fox may have issued materially misleading business information to the investing public.
On November 14, 2017, news outlets reported that a former executive of the sports-marketing company Torneos y Competencias SA testified during the corruption trial of three former FIFA officials that several companies, including Fox Sports, paid bribes to win lucrative, multiyear broadcasting rights for tournaments. 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, shares of Fox fell $0.52 per share to close at $28.03 per share on November 14, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Fox investors. If you purchased shares of Fox, please visit the firm’s website at http://www.rosenlegal.com/cases-1239.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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