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,
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.
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