NEW YORK, July 14, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the "Class") comprising all purchasers of the common stock Lions Gate Entertainment Corp. ("Lions Gate" or the "Company") (NYSE: LGF) between February 11, 2013 and March 13, 2014, inclusive (the "Class Period").
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Tripp Levy PLLC via e-mail at contact@tripplevy.com or call us toll free at 1-800-511-7037 or visit our website at www.tripplevy.com . Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint charges Lions Gate and certain of its executives with violations of federal securities laws. On March 13, 2014, the SEC issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order concerning the SEC's investigation of false and misleading statements and omissions made by Lions Gate regarding a series of transactions designed to prevent a takeover of the Company by Carl Icahn and his affiliates. As disclosed in the Order, and alleged in the complaint, Lions Gate settled the investigation by, among other things, agreeing to pay $7.5 million in fines and acknowledging that it had violated the federal securities laws.
Plaintiffs seek to recover damages on behalf of all purchasers of Lions Gate publicly traded securities during the Class Period (the "Class"). Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome
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