Cablevision Systems Corporation Stockholder Alert: Investigation

April 10, 2012 - PRLog -- Certain directors and officers of Cablevision Systems Corporation are under the investigation for current long term investors in Cablevision Systems Corporation  shares over possible breaches of fiduciary duties.

If you are a current long term investors in Cablevision Systems Corporation  shares, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in Cablevision Systems Corporation  stocks follows a lawsuit filed earlier by shareholders who purchased NYSE- CVC shares only between February 16, 2011 and October 28, 2011. The plaintiff in this lawsuit alleges that Cablevision Systems Corporation violated Federal Securities Laws by issuing allegedly materially false and misleading statements regarding Cablevision Systems’s business and prospects.

The investigation on behalf of current long term investors in Cablevision Systems Corporation  stocks, including also those who purchased within or prior to the above stated time frame, concerns whether certain Cablevision Systems officers and directors breached their fiduciary duties owed to NYSE-CVC stockholders and can be held liable in connection with the allegations made in that lawsuit.

On October 28, 2011, Cablevision Systems Corporation reported its third quarter 2011 results. Among other things, Cablevision Systems Corp. reported that its third quarter Revenue increased from its third quarter Revenue 2010 of $1.54billion to a third quarter Revenue of $1.66billion in 2011, however its third quarter Net Income fell from $68.44million to $39.32million. Then on December 15, 2011, the company’s chief operating officer resigned.

Shares of Cablevision Systems Corporation fell from as high as$37.69 in February, respectively $36.04 in June 2011 to as low as $12.75 per share on December 16, 2011.

On April 2, 2012, NYSE-CVC shares closed at $14.63 per share, less than half its value one year ago.

Those who are current long term investors in Cablevision Systems Corporation  shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.