Grupo Televisa Securities Litigation
United States District Court Southern District of New York
Civil Action No. 18-cv-1979-LLS
Civil Action No. 18-cv-1979-LLS
TO: ALL PERSONS AND ENTITIES THAT PURCHASED OR OTHERWISE
ACQUIRED GRUPO TELEVISA, S.A.B. (“TELEVISA” OR THE “COMPANY”) AMERICAN
DEPOSITARY RECEIPTS (“ADRs”) DURING THE PERIOD BETWEEN APRIL 11, 2013 TO
NOVEMBER 17, 2017, INCLUSIVE (THE “CLASS PERIOD”).
This
website serves to inform you of the proposed settlement of the above-captioned
class action lawsuit for $95,000,000.00 in cash and the hearing to be held by
the Court to consider the fairness, reasonableness, and adequacy of the
Settlement, as set forth in the Stipulation of Settlement dated April 14,
2023, by and between Class Representative Palm Tran, Inc. Amalgamated Transit
Union Local 1577 Pension Plan, on behalf of itself and the Class and Defendants
Grupo Televisa, S.A.B., Emilio Fernando Azcárraga Jean III, and Salvi Rafael
Folch Viadero. Please see the Stipulation for full details
about the case.
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YOUR LEGAL RIGHTS
AND OPTIONS IN THIS SETTLEMENT |
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The claim filing deadline has passed. The only way to be eligible to
receive a payment from the Settlement. Proofs of Claim and
Release must have been postmarked (if mailed) or received (if submitted
online) on or before August 8, 2023. |
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EXCLUDE YOURSELF
FROM THE SETTLEMENT BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION |
The exclusion deadline has passed. Get no payment. This is the
only option that potentially allows you to ever be part of any other lawsuit
against any of the Defendants or any other Released Defendant Parties about
the legal claims being resolved by this Settlement. Should you elect to
exclude yourself from the Class, you should understand that Defendants and
the other Released Defendant Parties will have the right to assert any and
all defenses they may have to any claims that you may seek to assert, including,
without limitation, the defense that any such claims are untimely under
applicable statutes of limitations and statutes of repose. Exclusions
must have been received on or before July 10, 2023. |
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OBJECT TO THE
SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION |
The objection deadline has passed. Write to the Court about why you do
not like the Settlement, the Plan of Allocation, and/or the request for
attorneys’ fees and expenses. Objections must have been
received on or before July 18, 2023. |
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GO TO THE HEARING
ON AUGUST 8, 2023, AND FILE A NOTICE OF INTENTION TO APPEAR BY JULY 18, 2023. |
The Settlement Hearing took place on August 8, 2023. The Settlement was
approved. |
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DO NOTHING |
Receive no payment. You will, however, still be a Class Member, which
means that you give up your right to ever be part of any other lawsuit
against the Defendants or any other Released Defendant Party about the legal
claims being resolved by this Settlement and you will be bound by any
judgments or orders entered by the Court in the Litigation. |
