NEW YORK, March 6, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of The Interpublic Group of Companies ("Interpublic" or the "Company") (NYSE: IPG). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Interpublic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On December 6, 2016, The Wall Street Journal 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 this news, Interpublic's share price fell $0.73, or 3.04%, to close at $23.27 on December 6, 2016. On December 16, 2016, The Wall Street Journal reported that Interpublic had acknowledged that the Company had been contacted by the Justice Department's antitrust division seeking documents related to video production practices.
On this news, Interpublic's share price fell $0.28, or 1.16%, to close at $23.88 on December 16, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP