NEW YORK, Sept. 21, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, announces its investigation of potential securities lawsuits on behalf of shareholders of Lionsgate Entertainment, Inc. (NYSE: LGF.A, LGF.B) arising from allegations that Lionsgate may have issued materially misleading business information to investors.
So what’s the deal: If you purchased Lionsgate securities, you may be entitled to compensation without payment of any out-of-pocket expenses or costs through a contingency fee agreement. Rosen Law Firm is preparing a class action lawsuit seeking recovery of investor losses.
WHAT TO DO NEXT: To join the class action, go to https://rosenlegal.com/submit-form/?case_id=28778, call Attorney Phillip Kim toll free at 866-767-3653, or email case@rosenlegal.com for information about the class action.
What is this about: On August 27, 2024, Bloomberg published an article titled “Pension Fund Sues Lionsgate to Block Starz Breakup.” The article stated:[o]One of the world’s largest pension funds has filed a lawsuit to block film and TV studio Lionsgate Entertainment from spinning off struggling cable TV and streaming service Starz in a blank-cheque merger. Canada Pension Plan Investment Board [. . .] Lionsgate filed a lawsuit in New York on Tuesday alleging that the company breached obligations to investors by issuing $1 billion in bonds in 2021 to pave the way for the transfer of its profitable studio business to a special acquisition company.”
Following this news, the price of Lionsgate’s Class A common stock fell 3.58% on August 27, 2024, and Lionsgate’s Class B common stock fell 3.5% on the same day.
WHY ROSEN LAW: We encourage investors to select competent counsel with a proven track record of leadership. Law firms that issue notices often do not have comparable experience, resources, or meaningful peer recognition. Many of these firms do not actually handle securities class actions. Be wise in selecting your counsel. Rosen Law Firm represents investors worldwide and concentrates its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm 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 in 2017 for number of securities class action settlements. The firm has been ranked in the top four each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360, and many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
For our latest updates, follow us on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm and on Twitter: https://twitter.com/rosen_firm Or visit us on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Past results do not guarantee similar results.
—————————–
contact address:
Lawrence Rosen
Mr. Philip Kim
Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
Email: case@rosenlegal.com
Home page