NEW ORLEANS, July 11, 2014 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 9, 2014 to file lead plaintiff applications in a securities class action lawsuit against Lions Gate Entertainment Corp. (NYSE:LGF), if they purchased the Company's securities during the period between February 11, 2013 through March 13, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Lionsgate and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 9, 2014.
About the Lawsuit
Lionsgate and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
On March 13, 2014, the SEC issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order concerning the SEC's investigation of false and misleading statements and omissions made by Lionsgate regarding a series of transactions designed to prevent a takeover of the Company by Carl Icahn and his affiliates. The Order revealed that Lionsgate settled the investigation by, among other things, agreeing to pay $7.5 million in fines and acknowledging that it had violated the federal securities laws.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.