Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lions Gate Entertainment Corporation (“Lionsgate” or “the Company”) (NYSE: LGF.A; LGF.B). Investors who purchased Lionsgate securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Lionsgate has violated federal securities laws.
Investigation Details
On August 27, 2024, Bloomberg reported that the Canada Pension Plan Investment Board (“CPPIB”) has filed a case against the Company in New York to prevent the movie and TV studio from separating from Starz cable and streaming service through a SPAC merger, alleging that Lionsgate violated obligations to investors in a $1 billion 2021 note issue, making way for its studio business to be transferred to a blank-check vehicle. On this news, Lionsgate’s stock price fell sharply during intraday trading on August 28, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Lionsgate securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
LGF — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”