DEADLINE TODAY: LEVI & KORSINSKY, LLP Reminds Investors of Class Action against DreamWorks Animation SKG, Inc. and Its Board of Directors | Initiative Legal Group

The below article is from marketwatch.com regarding a class action lawsuit with DreamWorks. It reads...

NEW YORK, Sep 29, 2014 (BUSINESS WIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased DreamWorks Animation SKG, Inc. (“DreamWorks” or the “Company”) (nasdaqgs:DWA) securities between October 29, 2013 and July 29, 2014.

For more information, click here: http://zlk.9nl.com/dreamworks-animation-dwa.

The complaint alleges that DreamWorks and certain of its executives violated federal securities laws by: a) failing to take a timely write-down for Turbo, a 2013 feature film; b) materially overstated the Company’s net income for the fiscal year of 2013; c) lacking adequate internal controls over financial reporting; and d) disclosing materially false financial statements throughout the class period.

On July 30, 2014, as a result of this news, DreamWorks shares fell approximately 12 percent, or $2.68 per share, to close at $19.98.

If you suffered a loss in DreamWorks you have until September 30, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, 

Read the full article here

Initiative Legal Group is a law firm based in Los Angeles. ILG prosecute class actions on behald of employees, consumers and others who have had their rights violated.  Learn more at www.initiativelegal.com. Also find us on Twiiter and Facebook.

Initiative Legal Group | U.S. court voids RadioShack class-action settlement over card receipts

The article below is taken from reuters.com and is written byJohnathon Stemple. it reads...

Reuters) - A federal appeals court on Friday voided RadioShack Corp's class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative to the proposed legal fees.

The 7th U.S. Circuit Court of Appeals in Chicago said there was no showing that the proposed $1 million fee was reasonable for a settlement calling for roughly 83,000 class members to each receive a $10 voucher redeemable at RadioShack stores.

Writing for a three-judge panel, Circuit Judge Richard Posner noted that RadioShack's "fragile" state, including the electronicsretailer's recent announcement that it may file for bankruptcy, might have hastened the perceived need to settle.

But he also said the vouchers might not all be redeemed, reducing the settlement's value, and that revised terms could have shifted some of the "exorbitant" legal fees to customers.

"The law quite rightly requires more than a judicial rubber stamp" to class-action accords, Posner wrote, just 11 days after oral arguments. He returned the case to the federal district court in Chicago for further proceedings.

The accord was intended to resolve claims that RadioShack violated the federal Fair and Accurate Credit Transactions Act by printing card expiration dates on customers' receipts, which if lost could increase the potential for identity theft.

Original article: Here

Initiative Legal Group is a law firm based in Los Angeles. ILG prosecute class actions on behald of employees, consumers and others who have had their rights violated.  Learn more at www.initiativelegal.com