Lions Gate Entertainment Corporation (LGF.A; LGF.B) Investigation: Bronstein, Gewirtz and Grossman, LLC Encourages Stockholders to Seek Compensation for Alleged Wrongdoings
Bronstein, Gewirtz & Grossman, is investigating potential claims against Lions Gate Entertainment (NYSE:LGF.A; LGF.B) on behalf of stockholders. 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 the company 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. 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 assist the investigation.
Bronstein, Gewirtz & Grossman sta indagando su possibili reclami nei confronti di Lions Gate Entertainment (NYSE:LGF.A; LGF.B) per conto degli azionisti. 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 dell'azienda dal servizio di cablaggio e streaming Starz tramite una fusione SPAC, sostenendo che Lionsgate ha violato gli obblighi nei confronti degli investitori in relazione a un'emissione di obbligazioni da 1 miliardo di dollari nel 2021. Questa notizia ha causato un forte calo del prezzo delle azioni di Lionsgate durante le contrattazioni intraday del 28 agosto 2024. Gli investitori che hanno acquistato titoli Lionsgate sono incoraggiati a assistere all'indagine.
Bronstein, Gewirtz & Grossman está investigando posibles reclamaciones contra Lions Gate Entertainment (NYSE:LGF.A; LGF.B) en nombre de los accionistas. 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 impedir que la empresa se separe del servicio de cable y streaming Starz a través de una fusión con SPAC, alegando que Lionsgate violó sus obligaciones con los inversores en relación con una emisión de notas de 1 mil millones de dólares en 2021. Esta noticia provocó una fuerte caída en el precio de las acciones de Lionsgate durante las negociaciones intradía del 28 de agosto de 2024. Se alienta a los inversores que compraron valores de Lionsgate a asistir en la investigación.
Bronstein, Gewirtz & Grossman은 주주를 대신하여 Lions Gate Entertainment (NYSE:LGF.A; LGF.B)에 대한 잠재적 청구를 조사하고 있습니다. 이 조사는 캐나다 연금 계획 투자 위원회(CPPIB)가 뉴욕에서 Lionsgate에 대해 소송을 제기했다는 블룸버그 보도를 따릅니다. 이 소송은 SPAC 합병을 통해 Starz 케이블 및 스트리밍 서비스와의 분리를 저지하려고 하며, Lionsgate가 2021년 10억 달러 규모의 채권 발행에서 투자자에 대한 의무를 위반했다고 주장합니다. 이 소식은 2024년 8월 28일 장중 거래에서 Lionsgate의 주가가 급락하는 원인이 되었습니다. Lionsgate 증권을 구매한 투자자는 조사에 협조할 것을 권장합니다.
Bronstein, Gewirtz & Grossman enquête sur d'éventuelles réclamations contre Lions Gate Entertainment (NYSE:LGF.A; LGF.B) au nom des actionnaires. L'enquête fait suite à un rapport de Bloomberg selon lequel le Canada Pension Plan Investment Board (CPPIB) a déposé une plainte contre Lionsgate à New York. La plainte vise à empêcher la société de se séparer du service de câble et de streaming Starz par le biais d'une fusion SPAC, alléguant que Lionsgate a violé ses obligations envers les investisseurs dans le cadre d'une émission d'obligations de 1 milliard de dollars en 2021. Cette nouvelle a entraîné une chute brutale du prix des actions de Lionsgate lors des transactions intrajournalières 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) im Namen der Aktionäre. Die Untersuchung folgt einem Bericht von Bloomberg, wonach der Canada Pension Plan Investment Board (CPPIB) eine Klage erhoben hat gegen Lionsgate in New York. Die Klage zielt darauf ab, die Trennung des Unternehmens vom Starz-Kabel- und Streamingdienst durch eine SPAC-Fusion zu verhindern und behauptet, dass Lionsgate Verpflichtungen gegenüber den Investoren verletzt hat bei einer Anleiheemission über 1 Milliarden Dollar im Jahr 2021. Diese Nachricht führte dazu, dass der Aktienkurs von Lionsgate stark fiel während des Intraday-Handels am 28. August 2024. Investoren, die Lionsgate-Wertpapiere erworben haben, werden ermutigt, die Untersuchung zu unterstützen.
- None.
- CPPIB filed a lawsuit against Lionsgate, potentially impacting the company's restructuring plans
- Allegations of violating obligations to investors in a $1 billion 2021 note issue
- Sharp decline in Lionsgate's stock price following the news
- Potential legal and financial repercussions from the investigation and lawsuit
This investigation into Lions Gate Entertainment (LGF.A; LGF.B) by Bronstein, Gewirtz & Grossman, is a significant development that could have serious implications for the company and its shareholders. The allegation that Lionsgate violated obligations to investors in a
The involvement of the Canada Pension Plan Investment Board (CPPIB) adds weight to the case, as large institutional investors often have the resources to pursue lengthy legal battles. The potential prevention of Lionsgate's separation from Starz could disrupt the company's strategic plans and affect its market valuation. Investors should closely monitor this situation, as it may impact Lionsgate's financial stability and future growth prospects.
The sharp decline in Lionsgate's stock price following this news indicates that the market views this legal challenge as a serious threat to the company's plans and financial health. The proposed separation of Lionsgate from Starz through a SPAC merger was likely seen as a value-creation strategy by management. If this transaction is blocked, it could significantly alter the company's future financial structure and growth trajectory.
Investors should be aware that legal battles can be costly and time-consuming, potentially diverting resources from core business operations. Moreover, if Lionsgate is found to have violated its obligations, it may face difficulties in future debt offerings or face higher borrowing costs. This could impact the company's ability to finance new projects and maintain competitiveness in the rapidly evolving entertainment industry.
NEW YORK CITY, NY / ACCESSWIRE / August 28, 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 (LGF.A; LGF.B) about?
Why did Lions Gate Entertainment's (LGF.A; LGF.B) stock price fall on August 28, 2024?
What action has the Canada Pension Plan Investment Board taken against Lions Gate Entertainment (LGF.A; LGF.B)?
How can investors participate in the investigation of Lions Gate Entertainment (LGF.A; LGF.B)?
