SAN FRANCISCO, Dec. 28, 2015 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, reminds investors with losses over $50,000 of the upcoming January 8, 2016 lead plaintiff deadline in the securities fraud class action lawsuit filed against Starz (NASDAQ:STRZA) (NASDAQ:STRZB).
If you purchased Starz securities between August 1, 2014 and October 29, 2015, contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000, emailing STRZA@hbsslaw.com or visiting http://hb-securities.com/investigations/STRZA. The lawsuit was filed in the U.S. District Court for the Central District of California and investors have until January 8, 2016 to move the court to act as lead plaintiff.
On October 29, 2015, Deadline Hollywood revealed that a lawsuit had been filed against Starz, CEO Christopher Albrecht, CRO Michael Thornton, and Liberty Media by the Company’s former Senior Vice President of Sales and Affiliate Marketing, Keno Thomas; the Thomas complaint alleges that defendants retaliated against Mr. Thomas for whistleblowing with regard to the Company’s affiliate carriage deals with Comcast and DirecTV and for refusing to participate in illegal behavior. When this news entered the market, Starz share price declined and injured investors.
The complaint alleges that Starz misled its investors and failed to disclose that (1) Starz lacked adequate internal controls; (2) according to a former Starz senior executive, Starz’s contract with Comcast Corporation was a result of illicit business practices; and (3) as a result, Starz’s public statements were materially false and misleading at all relevant times.
If you lost more than $50,000 in your investments in Starz securities and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
Whistleblowers: Persons with non-public information regarding Starz should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email STRZA@hbsslaw.com.
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Contact: Reed Kathrein, 510-725-3000
Source:Hagens Berman Sobol Shapiro LLP