NEW YORK, Nov. 12, 2015 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that securities class action litigation has been brought on behalf of investors who acquired the securities of Starz (“Starz” or the “Company”) (Nasdaq: STRZA ) (Nasdaq: STRZB ) between August 1, 2014 and October 29, 2015, inclusive (the “Class Period”).
Shareholders of who incurred losses on securities purchased with the class period are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
If you purchased Starz securities, you may, no later than January 8, 2016, request that the Court appoint you lead plaintiff of the proposed class.
On October 29, 2015, the online magazine, Deadline Hollywood, reported that Starz’s former Senior Vice President of Sales and Affiliate Marketing, Keno Thomas, filed a lawsuit (the “Thomas Action”) against Company and its Chief Executive Officer, Christopher Albrecht, and Chief Revenue Officer, Michael Thornton. The Thomas Action alleges that: (1) a contract between Comcast Corporation and the Company, entered into on or about April 2014, was the result of illicit business practices; (2) Thomas was ordered by the Company’s senior management to fabricate revenue and subscriber information so that Thornton and Albrecht could present those falsified figures to the Company’s Board of Directors; and (3) the Company retaliated against Thomas for refusing to fabricate revenue and subscriber information.
On this news, shares of STRZA fell $3.69 per share, or nearly 10%, from a closing price of $37.20 on October 29, 2015, to close at $33.51 per share on October 30, 2015; and shares of STRZB fell $4.98 per share, or 13.2%, from a closing price of $37.71 on October 29, 2015, to close at $32.73 per share on October 30, 2015
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com , or visit our website at www.whafh.com. All e-mail correspondence should make reference to the “Starz Investigation.”
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.
Contact: Wolf Haldenstein Adler Freeman & Herz LLP Patrick Donovan, Esq. Gregory Stone, Director of Case and Financial Analysis Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774
