An investigation on behalf of investors of Grupo Televisa SAB (ADR) (NYSE:TV) shares over potential securities laws violations by Grupo Televisa SAB and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Grupo Televisa SAB (ADR) (NYSE:TV) concerning whether a series of statements by Grupo Televisa SAB (ADR) (NYSE:TV regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Mexico based Grupo Televisa, S.A.B. is a media company in the international entertainment business.

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 Grupo Televisa, paid bribes to win lucrative, multiyear broadcasting rights for tournaments.

Shares of Grupo Televisa SAB (ADR) (NYSE:TV) fell $0.48 per share to close at $19.50 per share on November 14, 2017.