The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Nielsen Holdings plc (NYSE: NLSN) who purchased shares between February 11, 2016 and July 25, 2018. The action, which was filed in the United States District Court for the Northern District of Illinois, alleges that the Company violated federal securities laws.
In particular, the NLSN lawsuit alleges that (1) Nielsen’s sales were experiencing a permanent decline due to major budget cuts instituted by the Company’s CPG customers; (2) the Company’s CPG clients were reducing and cancelling Nielsen custom project work in favor of real-time analytical solutions; and (3) as a result, the Company’s positive statements about its business, operations, and financial conditions lacked a reasonable basis.
Shareholders have until October 9, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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