LOS ANGELES, CA / ACCESSWIRE / September 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lions Gate Entertainment Corp. ("Lions Gate" or "the Company") (NYSE:LGF-A)(NYSE:LGF-B) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lions Gate is the subject of a Bloomberg article published on August 27, 2024, that reported on a lawsuit filed against the Company by the Canada Pension Plan Investment Board. The lawsuit's purpose is to prevent the Company from separating from Starz cable and streaming service via a SPAC merger. The lawsuit alleges that the Company violated its obligations to investors in a $1 billion note issue from 2021. The lawsuit alleges that the Company engaged in a scheme for its studio business to be transferred to a blank-check vehicle.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm