NEW YORK, Sept. 28, 2024 (GLOBE NEWSWIRE) —
Why: Rosen Law Firm, a global investor rights law firm, acted on behalf of shareholders of Lions Gate Entertainment Corporation (NYSE: LGF.A, LGF.B) regarding Lions Gate’s material issuance. We continue to investigate potential securities claims arising from allegations that the Business information that is misleading to general investors.
This means if you purchase Lions Gate securities, you may be entitled to compensation without paying any out-of-pocket fees or costs through a contingency fee structure. Rosen Law Firm is preparing a class action lawsuit seeking to recover losses for investors.
What to do next: To join the class action, go to https://rosenlegal.com/submit-form/?case_id=28778 or call Phillip Kim. Toll-free 866-767-3653 or email case@rosenlegal.com for information on the class action.
What this means: On August 27, 2024, Bloomberg published an article titled “Pension Fund Sues Lionsgate to Block Starz Split.” It says “[o]One of the world’s largest pension funds is suing Lions Gate Entertainment Corp. to prevent the film and TV studio from spinning off its ailing Starz cable streaming service in a blank check merger. I woke you up. Canada Pension Plan Investment Board [. . .] Lions Gate filed a lawsuit in New York on Tuesday alleging it breached its obligations to investors in a $1 billion bond issue it issued in 2021 to pave the way for selling its lucrative studio business to a special acquisition vehicle. I woke you up. ”
Following this news, 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 qualified attorneys with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or meaningful peer evaluations. Many of these companies do not actually file securities class action lawsuits. Be wise when choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest securities class action settlement in history against a Chinese company. Rosen Law Firm was ranked #1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company secured over $438 million from investors. In 2020, founding partner Lawrence Rosen was named a Titan of Plaintiffs’ Lawyers by Law360. Many of our attorneys have been recognized by Lawdragon and Super Lawyers.
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contact address:
Lawrence Rosen, Esq.
Mr. Philip Kim, Esq.
Pennsylvania Rosen Law Firm
275 Madison Avenue, 40th floor
New York, NY 10016
Phone number: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
