San Diego, Jan. 06, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Cablevision Systems Corporation (NYSE:CVC) over potential securities laws violations by certain officers and directors at Cablevision Systems was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cablevision Systems Corp. (NYSE CVC) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements Cablevision Systems business, its prospects and its operations were potentially materially false and misleading at the time they were made.

Cablevision Systems Corporation reported that its annual Revenue increased from $6.48billion for 2007 to $7.23billion for 2010 and its Net Income rose from a Net Loss of $228.06million for 2008 to a Net Income of $360.95million for 2010.

Shares of Cablevision Systems Corporation (Public, NYSE:CVC) surged from as low as $10.35 per share in March 09 to over $37 per share during February 2011. However NYSE CVC shares fell from slightly over $36 per share in June 2011 to under $17 in August 2011.

On October 28, 2011, reported its third quarter 2011 results. Among other things, Cablevision Systems Corp. reported that its third quarter Revenue increased from its third quarter Revenue 2010 of $1.54billion to a third quarter Revenue of $1.66billion in 2011, however its third quarter Net Income fell from $68.44million to $39.32million.

Then on December 15, 2011, the companys chief operating officer resigned.
Shares of Cablevision Systems Corporation fell on December 16, 2011 to as low as $12.75 per share.