INVESTOR ALERT: Rosen Law Firm Announces Filing of Securities Class Action Against Digital Generation, Inc. - DGIT
07 Mai 2013 - 8:56PM
Business Wire
The Rosen Law Firm today announced that a class action lawsuit
has been filed on behalf of all purchasers of the securities of
Digital Generation, Inc., (Nasdaq: DGIT) between June 20, 2011 and
February 19, 2013.
To join the Digital Generation class action, go to the website
at http://rosenlegal.com or call Phillip Kim, Esq. or Kevin Chan
toll-free at 866-767-3653 or email pkim@rosenlegal.com or
kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The complaint alleges that Defendants concealed Digital
Generation’s true financial condition. Specifically, the lawsuit
claims Digital Generation’s public statements to investors were
false and misleading because: (i) the Company's online segment was
grossly underperforming, and well below the value reported to
investors; (ii) past acquisitions had masked the Company's
declining revenue base; (iii) the Company had vastly overpaid for
its acquisition of Media Mind, Inc. and other online segments in
order to appear to be an attractive acquisition target; and (iv)
the Company was not sufficiently poised for a strategic partnership
or buyout. The complaint asserts that when the market slowly
learned of these adverse facts, investors suffered substantial
losses.
A class action lawsuit has already been filed on behalf of
Digital Generation shareholders. If you wish to serve as lead
plaintiff, you must move the Court no later than July 1, 2013. If
you wish to join the litigation or to discuss your rights or
interests regarding this class action, please contact, Phillip Kim,
Esq. or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm focuses on prosecuting securities class
action litigation and actions involving financial fraud. The Rosen
Law Firm represents investors throughout the globe concentrating
its practice in securities class actions.
Digital Generation Systems (NASDAQ:DGIT)
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