NEW YORK, May 24, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors of the July 1, 2013 deadline in the class action lawsuit filed on behalf of all purchasers of the securities of Digital Generation, Inc., (Nasdaq:DGIT) between June 20, 2011 and February 19, 2013.
To join the Digital Generation class action, go to the website at http://rosenlegal.com or call Phillip Kim, Esq. or Kevin Chan toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The complaint alleges that Defendants concealed Digital Generation's true financial condition. Specifically, the lawsuit claims Digital Generation's public statements to investors were false and misleading because: (i) the Company's online segment was grossly underperforming, and well below the value reported to investors; (ii) past acquisitions had masked the Company's declining revenue base; (iii) the Company had vastly overpaid for its acquisition of Media Mind, Inc. and other online segments in order to appear to be an attractive acquisition target; and (iv) the Company was not sufficiently poised for a strategic partnership or buyout. The complaint asserts that when the market slowly learned of these adverse facts, investors suffered substantial losses.
A class action lawsuit has already been filed on behalf of Digital Generation shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than July 1, 2013. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe concentrating its practice in securities class actions.