SAN DIEGO, Aug. 18, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Dreamworks Animation Skg Inc (DWA) common stock over alleged violations of Federal Securities Laws by Dreamworks Animation Skg Inc.
If you purchased shares of Dreamworks Animation Skg Inc (DWA), you have certain options and for certain investors are short and strict deadlines running. DWA investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between October 29, 2013 and July 29, 2014 the defendants made allegedly false and/or misleading statements and/or failed to disclose that Dreamworks Animation Skg Inc improperly accounted for the "Turbo" movie prior to the write-down, that Dreamworks Animation Skg Inc improperly accounted for the write-down related to the Turbo movie, that Dreamworks Animation Skg Inc lacked adequate internal and control over financial reporting, and that as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.
On February 25, 2014, Dreamworks Animation Skg Inc reported its fourth quarter and year-end 2013 financial results. Then on July 29, 2014, during a conference call with analysts, Dreamworks Animation Skg Inc revealed that the Company is under investigation by the Securities and Exchange Commission for the $13.5 million write-down the studio took in February in relation to the poor performance of Turbo. Shares of Dreamworks Animation Skg Inc (DWA) declined from almost $36 per share in late December 2013 to $19.20 per share on July 30, 2014.
Those who purchased shares of Dreamworks Animation Skg Inc have certain options and should contact the Shareholders Foundation, Inc. by e-mail at email@example.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 firstname.lastname@example.org 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
Source:Shareholders Foundation, Inc.