SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Digital Generatio
08 Mai 2013 - 11:35PM
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the Northern District of Texas on behalf of purchasers of
Digital Generation, Inc. ("Digital Generation" or the "Company")
(Nasdaq:DGIT) common stock during the period between June 20, 2011
and February 19, 2013, inclusive (the "Class Period").
If you have suffered a net loss from investment in Digital
Generation, Inc. common stock purchased on or after June 20, 2011,
and held through any of the negative announcements described below,
you may obtain additional information about this lawsuit and your
ability to become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at hoffman@browerpiven.com, by
calling 410/415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating
securities and class action cases of over 60 years.
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than July 1, 2013 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in the Company
during the Class Period.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants'
failure to disclose during the Class Period that the Company's
online segment was underperforming and below the value reported to
investors, that past acquisitions had masked the Company's
declining revenue base, and that the Company had vastly overpaid
for its acquisition of Media Mind, Inc. and other online segments.
According to the Complaint, following the Company's November
8, 2012 disclosure that it had taken an impairment charge of more
than $208 million against its recently acquired online media
assets, Media Mind, Inc., Eye Wonder, and Peer 39, and that its
television unit had taken an impairment charge of over $131
million, and following the Company's February 19, 2013 disclosure
that the Company recorded an additional $11.4 million write-down of
its recently acquired online segments, the value of Digital
Generation shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain
other counsel of your choice. You need take no action at this
time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
Stevenson, Maryland
410/415-6616
hoffman@browerpiven.com
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