Deadline Reminder: GPM Reminds Investors of the January 8, 2016 Deadline in the Class Action Lawsuit against Starz
December 15 2015 - 9:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
upcoming January 8, 2016 deadline to file a lead plaintiff
motion in the class action filed on behalf of a class (the “Class”)
of investors who purchased Starz (“Starz” or the “Company”)
(Nasdaq: STRZA) (Nasdaq: STRZB) between August 1, 2014 and October
29, 2015 inclusive (the “Class Period”). Starz investors with over
$150,000 in losses are encouraged to contact Lesley Portnoy,
Esquire, to discuss their legal claims in this matter.
On October 29, 2015, Deadline Hollywood revealed that Starz's
former Senior Vice President of Sales and Affiliate Marketing, Keno
Thomas, filed a lawsuit against Starz, CEO Christopher Albrecht,
CRO Michael Thornton, and Liberty Media Corp. The complaint alleges
that Mr. Thomas was fired after he refused to fabricate subscriber
and revenue information at the behest of Starz senior management.
On this news, STRZA shares fell $3.69 per share, or 9% to close at
$33.51 on October 30, 2015, thereby injuring investors.
The complaint alleges 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 purchased shares of Starz during the Class Period, or if
you have information or would like to learn more about these
claims, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite
2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com, or visit our
website at http://www.glancylaw.com. If you inquire by email please
include your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151215005307/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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