Nielsen Holdings PLC (NYSE: NLSN)
Hagens Berman Sobol Shapiro LLP alerts investors in Nielsen Holdings PLC (NYSE: NLSN) to the October 19, 2018 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Southern District of New York.
If you purchased or otherwise acquired shares of NLSN between February 8, 2018 and July 25, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing NLSN@hbsslaw.com.
During the class period Defendants repeatedly assured investors that Nielsen’s measurement and analytics services were continuously viable and strong. They also downplayed the effect of the European General Data Protection Regulation (“GDPR”) on the Company’s business.
Then, on July 26, 2018, Defendants announced disappointing financial results for Nielsen’s second quarter of 2018 and that the GDPR negatively impacted its growth rates.
This news drove the price of Nielsen shares down $7.46, or over 25%, to close at $22.11 that day.
“The generally-anticipated and far-reaching effects of the GDPR, which became effective in May 2018, have now reverberated far beyond the European Union,” said Hagens Berman partner Reed Kathrein. “We’re focused on Nielsen investors’ losses and Defendants’ assurances about their preparedness for the new law.”
Whistleblowers: Persons with non-public information regarding Nielsen should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email NLSN@hbsslaw.com.
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