NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Lions Gate Entertainment Corp. (NYSE: LGF.A, LGF.B) resulting from allegations that Lions Gate may have issued materially misleading business information to the investing public.
So What: If you purchased Lions Gate securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=28778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
What is this about: On August 27, 2024, Bloomberg published an article entitled “Lions Gate Sued by Pension Fund Seeking to Block Starz Split.” It stated that “[o]ne of the world’s largest pension funds sued Lions Gate Entertainment Corp. to block the movie and television studio from separating its struggling Starz cable and streaming service via a blank-check merger. Canada Pension Plan investment Board [. . .] filed a lawsuit Tuesday in New York alleging Lions Gate violated obligations to investors in a $1 billion 2021 note issue in order to pave the way for its profitable studio business to be transferred to a special purpose acquisition company.”
On this news, the price of Lions Gate Class A common stock fell by 3.58% on August 27, 2024, and Lions Gate Class B common stock fell by 3.5% on that same day.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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