Bronstein, Gewirtz and Grossman, LLC Announces an Investigation Against Lions Gate Entertainment Corporation (LGF.A; LGF.B) and Encourages Investors to Seek Compensation for Alleged Wrongdoings
Bronstein, Gewirtz & Grossman, is investigating potential claims against Lions Gate Entertainment (NYSE: LGF.A; LGF.B). The investigation follows a Bloomberg report that the Canada Pension Plan Investment Board (CPPIB) has filed a lawsuit against Lionsgate in New York. The lawsuit aims to prevent Lionsgate from separating from Starz cable and streaming service through a SPAC merger. CPPIB alleges that Lionsgate violated obligations to investors in a $1 billion 2021 note issue. This news caused Lionsgate's stock price to fall sharply during intraday trading on August 28, 2024. Investors who purchased Lionsgate securities are encouraged to participate in the investigation.
Bronstein, Gewirtz & Grossman sta indagando su potenziali rivendicazioni contro Lions Gate Entertainment (NYSE: LGF.A; LGF.B). L'indagine segue un report di Bloomberg secondo cui il Canada Pension Plan Investment Board (CPPIB) ha intentato una causa contro Lionsgate a New York. La causa mira a prevenire la separazione di Lionsgate dal servizio di cavo e streaming Starz attraverso una fusione SPAC. CPPIB sostiene che Lionsgate ha violato le obbligazioni verso gli investitori in un'emissione di note da 1 miliardo di dollari del 2021. Questa notizia ha causato un forte calo del prezzo delle azioni di Lionsgate durante il trading intraday del 28 agosto 2024. Gli investitori che hanno acquistato titoli di Lionsgate sono incoraggiati a partecipare all'indagine.
Bronstein, Gewirtz & Grossman está investigando posibles reclamaciones contra Lions Gate Entertainment (NYSE: LGF.A; LGF.B). La investigación sigue un informe de Bloomberg que indica que el Canada Pension Plan Investment Board (CPPIB) ha presentado una demanda contra Lionsgate en Nueva York. La demanda tiene como objetivo prevenir que Lionsgate se separe del servicio de cable y streaming Starz a través de una fusión SPAC. El CPPIB alega que Lionsgate violó sus obligaciones hacia los inversionistas en una emisión de notas de 1 mil millones de dólares en 2021. Esta noticia provocó una durante el trading intradía del 28 de agosto de 2024. Se alienta a los inversionistas que compraron valores de Lionsgate a participar en la investigación.
Bronstein, Gewirtz & Grossman은 잠재적 청구를 조사하고 있습니다 Lions Gate Entertainment (NYSE: LGF.A; LGF.B)에 대해. 이 조사는 캐나다 연금 계획 투자 위원회(CPPIB)가 뉴욕에서 Lionsgate를 상대로 소송을 제기했다는 블룸버그 보고서에 따라 이루어졌습니다. 이 소송의 목적은 Lionsgate가 Starz 케이블 및 스트리밍 서비스와 분리되는 것을 방지하는 것입니다 SPAC 합병을 통해. CPPIB는 Lionsgate가 2021년 10억 달러 규모의 채권 발행에 대한 의무를 위반했다고 주장하고 있습니다. 이 뉴스는 2024년 8월 28일의 주가가 급락하는 원인이 되었습니다. Lionsgate 증권을 구입한 투자자들은 조사에 참여하도록 권장됩니다.
Bronstein, Gewirtz & Grossman enquête sur d'éventuelles réclamations contre Lions Gate Entertainment (NYSE: LGF.A; LGF.B). L'enquête fait suite à un rapport de Bloomberg indiquant que le Canada Pension Plan Investment Board (CPPIB) a déposé une poursuite contre Lionsgate à New York. La poursuite vise à empêcher Lionsgate de se séparer du service de câble et de streaming Starz via une fusion SPAC. Le CPPIB allègue que Lionsgate a violé des obligations envers les investisseurs lors d'une émission d'obligations de 1 milliard de dollars en 2021. Cette nouvelle a provoqué une forte chute du prix de l'action de Lionsgate lors du trading intraday le 28 août 2024. Les investisseurs ayant acheté des titres de Lionsgate sont encouragés à participer à l'enquête.
Bronstein, Gewirtz & Grossman untersucht mögliche Ansprüche gegen Lions Gate Entertainment (NYSE: LGF.A; LGF.B). Die Untersuchung folgt einem Bericht von Bloomberg, dass der Canada Pension Plan Investment Board (CPPIB) eine Klage gegen Lionsgate in New York eingereicht hat. Die Klage zielt darauf ab, eine Trennung von Lionsgate vom Kabel- und Streamingdienst Starz durch eine SPAC-Fusion zu verhindern. CPPIB behauptet, dass Lionsgate verpflichtungen gegenüber den Investoren bei einer Anleiheausgabe von 1 Milliarde Dollar im Jahr 2021 verletzt hat. Diese Nachricht führte dazu, dass der Aktienkurs von Lionsgate stark fiel während des Handelstags am 28. August 2024. Investoren, die Lionsgate-Wertpapiere erworben haben, werden ermutigt, an der Untersuchung teilzunehmen.
- None.
- Potential legal issues with CPPIB lawsuit
- Sharp stock price decline following lawsuit news
- Allegations of violating investor obligations
- Possible complications in separating from Starz
Insights
The investigation by Bronstein, Gewirtz & Grossman into Lions Gate Entertainment raises significant legal and financial concerns. The allegation that Lionsgate violated obligations to investors in a
The involvement of the Canada Pension Plan Investment Board adds weight to the case, as institutional investors often have the resources to pursue lengthy legal battles. The attempt to block the separation of Starz through a SPAC merger suggests potential conflicts with shareholder interests. If successful, this legal action could derail Lionsgate's strategic plans, impacting its future growth prospects and market position.
The sharp drop in Lionsgate's stock price following the news indicates significant market concern over the company's legal troubles and strategic direction. The potential separation of Starz was likely viewed as a value-creation move and its blockage could negatively impact investor sentiment.
Moreover, the alleged violation of the
NEW YORK CITY, NY / ACCESSWIRE / August 29, 2024 / 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 by visiting the firm's site: bgandg.com/lgf.
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
What's Next?
If you are aware of any facts relating to this investigation or purchased Lionsgate securities, you can assist this investigation by visiting the firm's site: bgandg.com/lgf. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
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.
Why Bronstein, Gewirtz & Grossman
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.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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FAQ
What is the investigation against Lions Gate Entertainment about?
How did the lawsuit news affect Lionsgate's stock price?
What are the allegations against Lions Gate Entertainment in the CPPIB lawsuit?
How can investors participate in the investigation against Lionsgate?
