Lions Gate Entertainment Corp.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On August 27, 2024, Bloomberg published an article titled “Lions Gate Sued by Pension Fund Seeking to Block Starz Split.” The article reported that one of the world’s largest pension funds had filed a lawsuit against Lions Gate Entertainment Corp. to prevent the company from separating its struggling Starz cable and streaming service through a blank-check merger. The Canada Pension Plan Investment Board alleged that Lions Gate violated its obligations to investors in a $1 billion note issue from 2021 in order to facilitate the transfer of its profitable studio business to a special purpose acquisition company.
Following this news, Lions Gate’s Class A common stock dropped by 3.58%, while Class B common stock declined by 3.5% on the same day.
