SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Meredith Corp. - MDP

By Monteverde & Associates Pc7 days ago

NEW YORK, May 4, 2021 /PRNewswire/ --

Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm ratedTop 50in the 2018-2020 ISS Securities Class Action Services Report and headquartered at theEmpire State Buildingin New York City, is investigatingMeredith Corp. (MDP or the Company) (MDP)relating to its proposed acquisition by Gray Television, Inc. Under the terms of the agreement, MDP shareholders will receive $14.51 per share they own.


The investigation focuses on whether Meredith Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

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About Monteverde & Associates PCWe are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in theTop 50in the 2018-2020 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2020 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court.Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in mergers & acquisitions class action cases.

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