SOURCE: Goldfarb LLP

February 09, 2012 12:55 ET

Twenty-Six Percent Stock Drop Triggers Cablevision Securities Class Action, Announces Goldfarb LLP Shareholder Lawyers

DALLAS, TX--(Marketwire - Feb 9, 2012) - Securities lawyers at Goldfarb LLP announced that a class action was filed due to alleged violations of shareholder protection laws by Cablevision Systems Corporation (NYSE: CVC). Concerned Cablevision investors are encouraged to contact securities class action attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies.

The complaint alleges that the company failed to disclose that Cablevision was experiencing higher costs while losing 44,000 video subscribers. After the truth was revealed, the stock plummeted 26 percent. The lawsuit, filed in the Eastern District of New York, seeks to recover for investors of Cablevision who purchased or acquired company stock before or between February 16, 2011 and October 28, 2011.

Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Cablevision stockholders -- or anyone with knowledge about this situation -- should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855 with questions or concerns.

Contact Information

  • Hamilton Lindley
    Goldfarb LLP
    2501 N. Harwood, Ste. 1801
    Dallas, TX 75201
    (877) 583-2855 Toll Free Telephone
    (214) 583-2233 Local Phone Number
    (214) 583-2234 Fax Number
    www.goldfarbllp.com