LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Todd M. Garber announces that it is investigating potential claims against Digital Domain Media Group, Inc. (“Digital Domain” or the “Company”) (OTC Markets:DDMGQ), concerning possible violations of federal securities laws. The investigation is related to certain statements issued by the Company between November 18, 2011 and September 6, 2012 concerning Company’s ability to raise capital and fund its operations.
Digital Domain is a digital production company that engages in the creation of original content animation feature films and the development of computer-generated imagery for feature films and advertising, primarily in the United States. The investigation concerns allegations that the Registration Statement and Prospectus filed with the Securities and Exchange Commission in connection with the Company’s November 18, 2011 initial public offering, and other public statements during the foregoing period, made material misrepresentations and omissions concerning the Company’s ability to raise capital and fund its operations.
On September 18, 2012, an article published by the Palm Beach Post reported that Digital Domain had experienced difficulties meeting payroll in 2010, and that the Company’s then-Chairman and Chief Executive Officer, John C. Textor, had “predicted a ‘train wreck’ in an email to an investor in early 2010.”
If you purchased Digital Domain common stock between November 18, 2011 and September 6, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
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Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
Source: Law Offices of Todd M. Garber