LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Nielsen Holdings plc (“Nielsen” or “the Company”) (NYSE: NLSN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between February 8, 2018, and July 25, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before October 9, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Nielsen demonstrated a reckless disregard towards its readiness for and risks of new privacy rules and regulations such as the EU’s GDPR, as they impact growth prospects. The Company’s ability to maintain financial performance was much more dependent on Facebook and other third-party data providers than it had disclosed, and as a result, would be seriously impacted by privacy rule changes by these firms. Over time, Facebook and other data set providers did become more and more restrictive with access to the data Nielsen relied on. As a result of these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Nielsen, investors suffered damages.
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