Pending Case

Townsquare Media, Inc.

NYSE: TSQ

Block & Leviton LLP Announces Investigation of Townsquare Media, Inc. for Possible Securities Laws Violations; Investors Who Lost Money Should Contact the Firm

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On June 9, 2020, Townsquare Media, Inc. (NYSE: TSQ) announced that it would report an impairment charge of approximately $39.4 million for its licenses and an impairment charge of approximately $69.0 million for its goodwill. Townsquare further announced that certain financial statements for fiscal years 2017, 2018, and 2019 should no longer be relied upon and would be restated due to an error “in the projected cash flows that were utilized in [its] valuation model.”

On this announcement, Townsquare shares fell $1.20, or approximately 19%, to close at just $5.28 per share on June 9, 2020.

Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, has launched an investigation into whether Townsquare and certain of its executives may be liable for potential securities fraud.

If you purchased or acquired shares of TSQ and have questions about your legal rights or possess information relevant to this matter, please contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockesq.com, or at https://shareholder.law/cases/?case=tsq.

Block & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country’s financial markets. The firm represents many of the nation’s largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm’s lawyers have recovered billions of dollars for its clients.

Contact us to learn more about this lawsuit.

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