NEW YORK, Jan. 04, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Starz (“Starz”) (NASDAQ:STRZA) (Nasdaq:STRZB) between August 1, 2014 and October 29, 2015.
You are hereby notified that a class action lawsuit has been commenced in the USDC for the Central District of California. If you purchased or otherwise acquired Starz between August 1, 2014 and October 29, 2015, your rights may be affected by this action. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
According to the complaint, defendants issued materially false and misleading statements to investors and/or 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.
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 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.
If you suffered a loss in Starz you have until January 8, 2016 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
Source:Levi & Korsinsky, LLP