Thursday, August 7, 2014

DreamWorks Animation Sued!

[If I understand this press release correctly, the suit has to do with the writedown (or write off) DreamWorks took because of the 2013 film, Turbo, which was a box office disappointment. - Leroy/Editor]

Investor Alert: Holzer & Holzer Announces Class Action Filed on Behalf of Investors in Dreamworks Animation SKG, Inc.
ATLANTA--(BUSINESS WIRE)--Holzer & Holzer, LLC announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors who purchased Dreamworks Animation SKG, Inc. (“Dreamworks” or the “Company”) (NASDAQ: DWA) securities between October 29, 2013 and July 29, 2014. The complaint alleges that during the relevant time period, Dreamworks issued false and misleading statements regarding its income during the relevant period. On July 29, 2014, Dreamworks revealed that it was under investigation by the Securities and Exchange Commission for a $13.5 million dollar writedown taken in connection with its movie, Turbo. The price of Dreamworks stock fell dramatically following the announcement.

If you purchased Dreamworks securities between October 29, 2013 and July 29, 2014 and suffered substantial losses on those transactions, you are encouraged to contact Marshall P. Dees, Esq. via email at, or via toll-free telephone at (888) 508-6832, regarding your legal rights. There is a deadline of September 30, 2014 for interested investors to ask the court to be appointed as lead plaintiff for the case.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

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