Contact Center Industry News

TMCNet:  Lieff Cabraser Announces Class Action Litigation Against Lions Gate Entertainment Corp. - LGF

[August 01, 2014]

Lieff Cabraser Announces Class Action Litigation Against Lions Gate Entertainment Corp. - LGF

SAN FRANCISCO --(Business Wire)--

The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of those who purchased the common stock of 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 purchased Lions Gate common stock during the Class Period, you may move the Court for appointment as lead plaintiff by no later than September 9, 2014. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Lions Gate investors who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the Lions ate Securities Class Litigation

The actions charge Lions Gate and certain of its senior executives with violations of the Securities Exchange Act of 1934. Lions Gate is a film studio that produces and distributes motion pictures and other forms of entertainment.

The complaint alleges that by the start of the Class Period, and unbeknownst to investors, Lions Gate was under investigation by the U.S. Securities and Exchange Commission ("SEC (News - Alert)") for making false and misleading statements and omissions concerning a series of transactions ("Transactions") conducted to prevent a takeover of the Company by Carl Icahn and his affiliates. During the Class Period, however, defendants misrepresented and/or failed to disclose the fact of the SEC investigation, the prospect of legal proceedings associated with the misconduct under investigation, and the Company's exposure to loss in connection with such proceedings.

On March 13, 2014, the SEC issued order which set forth the resolution of the investigation and charges against Lions Gate for making false and misleading disclosures regarding the Transactions. According to the order, 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.

On this news, the price of Lions Gate shares dropped $2.93 per share over the next three trading days, or 8.81% from a closing price of $33.26 on March 12, 2014, to close at $30.33 per share on March 17, 2014.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for eleven years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Best Lawyers and U.S. News have also named Lieff Cabraser as a "Law Firm of the Year" each year the publications have given this award to law firms.

For more information about Lieff Cabraser and the firm's representation of investors, please visit

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

[ Back To Cloud Contact Center's Homepage ]


Featured Resources

Featured Report
Millennial Research on Customer Service Expectations

Millennial Research on Customer Service Expectations

The "why" behind this research is simple: our clients recognize that different generations bring different expectations, varied communication preferences and new customer service patterns to the customer experience...
Featured Report
Optimizing the Customer Experience through Cloud Contact Centers

Optimizing the Customer Experience through Cloud Contact Centers

Adoption of cloud contact centers is on the rise. Findings from Aberdeen's January 2014 'Public Cloud vs. On-Premise: How to More Effectively Deploy a Cloud Center' study shows that 31% of contact centers are deployed in the cloud, and our related blog post highlights that companies anticipate their adoption of cloud technology to rise further throughout 2014...
Featured Report
Aberdeen report

Aberdeen Report: Cloud for Mid-Sized Contact Centers – What You Must Know

Cloud Technology is opening new doors for many businesses. However, it does so only when it's combined with the use of best practices and key technology enablers. This document highlights the adoption of cloud technology by mid-size contact centers and illustrates the reasons driving their investments...
Featured Whitepaper
Aberdeen report

Seven Critical Capabilities to Demand From Your Cloud Contact Center Provider

To deliver a world-class customer experience, your contact center must be flexible and reliable, while providing all the tools agents and supervisors need to manage their workflows. Here are seven critical capabilities to look for when deploying a contact center in the cloud...
Featured Webinar

Contact Center Economics and the Cloud

Together, Bob and Drew will help you understand the economic value of upgrading technology, important business and financial considerations, and how to compare total cost of ownership of a premises vs. cloud or hosted solution. Watch the webinar on-demand now...
Featured Datasheet
Zipwire Cloud Contact Center

Zipwire Cloud Contact Center

The appeal of moving services to the cloud is obvious. Cloud services offer reliability and robust feature sets without the need to implement or maintain complex contact center infrastructure. The Zipwire™ cloud-based contact center allows businesses to leverage the flexibility and cost savings of cloud architecture while offering a seamless, first-class customer experience...