SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Lions Gate Entertainment Corp. & Its Boar...
August 27 2014 - 04:33PM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the Southern
District of New York on behalf of investors who purchased Lions
Gate Entertainment Corp. (“Lions Gate” or the “Company”) (NYSE:LGF)
securities between February 11, 2013 and March 13, 2014.
For more information, click here:
http://zlk.9nl.com/lions-gate-entertainment-lgf.
The complaint alleges that Lions Gate and certain of its
executives violated federal securities laws by failing to disclose
and/or misrepresenting the existence of an SEC investigation, the
prospect of legal proceedings associated with the alleged
misconduct under investigation, and the exposure of the Company to
loss in connection with said investigation and alleged misconduct.
It is further alleged that the Company misled investors and/or
failed to adequately disclose the nature of a series of
transactions between the Company and investor Carl Icahn.
On March 13, 2014, the SEC issued an Order that described the
investigation and noted that Lions Gate settled the investigation
by, among other things, agreeing to pay $7.5 million in fines and
acknowledging that it had violated federal securities laws.
If you suffered a loss in Lions Gate, you have until September
9, 2014 to request that the Court appoint you as lead plaintiff.
Your ability to share in any recovery doesn’t require that you
serve as a lead plaintiff. To obtain additional information,
contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/lions-gate-entertainment-lgf.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut, and Washington D.C. The firm's 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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