An investigation on behalf of investors of Interpublic Group of Companies Inc (NYSE:IPG) shares over potential securities laws violations by Interpublic Group of Companies Inc and certain of its directors and officers was announced.
Investors who purchased shares of Interpublic Group of Companies Inc (NYSE:IPG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Interpublic Group of Companies Inc (NYSE:IPG) concerning whether certain statements by Interpublic Group of Companies Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Interpublic Group of Companies Inc reported that its annual Total Revenue rose from over $7.61 billion in 2015 to over $7.84 billion in 2016 and that its Net Income increased from $454.60 million in 2015 to $608.50 million in 2016.
On December 6, 2016, it was reported that the U.S. Department of Justice (“Justice Department”) was investigating possible price-fixing in video-advertising production, naming Interpublic as a possible “subject of the government’s inquiry.
On December 16, 2016, it was reported that Interpublic Group of Companies had acknowledged that the Company had been contacted by the Justice Department’s antitrust division seeking documents related to video production practices.
Shares of Interpublic Group of Companies Inc (NYSE:IPG) closed on March 17, 2017 at $24.58 per share.
Those who purchased NYSE:IPG shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com