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Nielsen Holdings PLC (NLSN)

NYSE:NLSN

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Nielsen Holdings PLC To Contact The Firm

NEW YORK, August 9, 2018 / Globenewswire/ --  Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Nielsen Holdings PLC (“Nielsen” or the “Company”) (NYSE:NLSN) of the October 9, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Nielsen stock or options between February 8, 2018 and July 25, 2018 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Nielsen common stock between February 8, 2018 and July 25, 2018 (the “Class Period”).  The case, Gordon v. Nielsen Holdings PLC et al., No. 18-cv-07143 was filed on August 8, 2018, and has been assigned to Judge John Fontaine Keenan.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by: (i) recklessly disregarding its readiness for and the true risks of privacy related regulations and policies including the European General Data Protection Regulation (“GDPR”) on its current and future financial and growth prospects; (ii) failing to disclose that its financial performance was far more dependent on Facebook and other third-party large data set providers than previously revealed and that privacy policy changes affected the scope and terms of access Nielsen would have to third-party data; and (iii), failing to disclose that access to Facebook and other third-party provider data was becoming increasingly restricted for Nielsen and Nielsen clients.

Specifically, on July 26, 2018, the Company announced disappointing financial results for the second quarter 2018. Nielsen blamed the results, in part, on the negative impact that the GDPR had on the Company’s access to large data sets provided by partners like Facebook and stated further that “[o]ur results are significantly below our expectations as revenues were impacted
by GDPR and changes to the consumer data privacy landscape.”

Following this announcement, Nielsen’s share price fell from $29.57 on July 25, 2018 to $22.11 on July 26, 2018—a $7.46 or 25.23% drop.
 

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  • Case:
    Nielsen Holdings PLC (NLSN)
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William Cross
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:
wcross@faruqilaw.com

Case Details

Date:

  • 08/09/2018

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