NEW YORK, Nov. 9, 2012 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of investors who purchased Digital Domain Media Group, Inc. ("Digital Domain" or the "Company") (OTC:DDMGQ) stock between November 18, 2011 and September 6, 2012.
For more information, click here: http://zlk.9nl.com/digital-domain-media-ddmgq. There is no cost or obligation to you.
The complaint alleges that Digital Domain's Initial Public Offering ("IPO") documents failed to disclose that its cash burn rate threatened its viability. According to a September 18, 2012, article in the Palm Beach Post reported that Digital Domain had difficulties meeting payroll in 2010, and that then-Chairman and CEO John C. Textor "predicted a 'train wreck' in an email to an investor in early 2010."
If you suffered a loss in Digital Domain you have until November 19, 2012to 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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/digital-domain-media-ddmgq.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, 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.comSource:Levi & Korsinsky, LLP