{"id":456635,"date":"2021-03-12T05:28:25","date_gmt":"2021-03-12T10:28:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456635"},"modified":"2021-03-12T05:28:25","modified_gmt":"2021-03-12T10:28:25","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-gannett-co-inc-gci","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-gannett-co-inc-gci\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gannett Co., Inc. – GCI"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, March 12, 2021<\/span> \/PRNewswire\/ —\u00a0Pomerantz LLP is investigating claims on behalf of investors of\u00a0<\/b>Gannett Co., Inc.\u00a0(“Gannett” or the “Company”) (NYSE: GCI).\u00a0Such investors are advised to contact Robert S. Willoughby<\/span> at\u00a0newaction@pomlaw.com<\/a>\u00a0or 888-476-6529, ext. 7980.<\/p>\n

The investigation concerns whether Gannett and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 <\/p>\n

\n [Click here for information about joining the class action]<\/a>\u00a0<\/p>\n

On February 25, 2021<\/span>, Gannett issued a press release announcing the Company’s fourth quarter and full year financial results.\u00a0Among other results, the Company reported a net loss of $670.5 million<\/span>, which “reflects a second quarter non-cash write-down related to the second quarter 2020 impairment of goodwill and intangible assets of $393.4 million<\/span>, as well as a $74.3 million<\/span> non-cash loss on the derivative associated with our convertible debt and a $43.8 million<\/span> loss associated with the early extinguishment of debt.”\u00a0 <\/p>\n

On this news, Gannett’s stock price fell $0.79<\/span> per share, or 14.08%, to close at $4.82<\/span> per share on February 25, 2021<\/span>.<\/p>\n

The Pomerantz Firm, with offices in New York<\/span>, Chicago<\/span>, Los Angeles<\/span>, and Paris<\/span> 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<\/span>, 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<\/a>.<\/p>\n

\n CONTACT:
<\/b>
\n Robert S. Willoughby<\/span>
\n
Pomerantz LLP
rswilloughby@pomlaw.com<\/a>
888-476-6529 ext. 7980<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-gannett-co-inc—gci-301246270.html<\/a><\/p>\n

SOURCE Pomerantz LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, March 12, 2021 \/PRNewswire\/ —\u00a0Pomerantz LLP is investigating claims on behalf of investors of\u00a0Gannett Co., Inc.\u00a0(“Gannett” or the “Company”) (NYSE: GCI).\u00a0Such investors are advised to contact Robert S. Willoughby at\u00a0newaction@pomlaw.com\u00a0or 888-476-6529, ext. 7980. The investigation concerns whether Gannett and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action]\u00a0 On February 25, 2021, Gannett issued a press release announcing the Company’s fourth quarter and full year financial results.\u00a0Among other results, the Company reported a net loss of $670.5 million, which “reflects a second quarter non-cash write-down related to the second quarter 2020 impairment of goodwill and intangible assets of $393.4 million, … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gannett Co., Inc. – GCI”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-456635","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gannett Co., Inc. - GCI - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-gannett-co-inc-gci\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gannett Co., Inc. - GCI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, March 12, 2021 \/PRNewswire\/ —\u00a0Pomerantz LLP is investigating claims on behalf of investors of\u00a0Gannett Co., Inc.\u00a0(“Gannett” or the “Company”) (NYSE: GCI).\u00a0Such investors are advised to contact Robert S. Willoughby at\u00a0newaction@pomlaw.com\u00a0or 888-476-6529, ext. 7980. 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