Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against Digital Generation, Inc. --
09 Mai 2013 - 12:30AM
Gainey McKenna & Egleston announces that a class action lawsuit
has been filed in the United States District Court for the Northern
District of Texas on behalf of all persons or entities who
purchased the common stock of Digital Generation, Inc. ("Digital")
(Nasdaq:DGIT) between June 20, 2011 and February 19, 2013, seeking
remedies under the federal securities laws.
The Complaint alleges that throughout the Class Period, Digital
touted itself as a company achieving steady and consistent growth,
and poised for a strategic buyout on the basis of its strong
performance and diversification. In order to cultivate this image,
Digital allegedly made a series of false and/or misleading
statements regarding its growth and value of its acquisitions,
failing to disclose that: (i) Digital's online segment was grossly
underperforming, and well below the value reported to investors;
(ii) Digital's past acquisitions had masked its declining revenue
base; (iii) Digital had vastly overpaid for its acquisition of
Media Mind, Inc. and other online segments in order to appear to be
an attractive acquisition target; (iv) Digital was not sufficiently
poised for a strategic partnership or buyout; and (v) as a result
of the above, Digital's financial statements were materially false
and misleading at all relevant times.
If you wish to serve as lead plaintiff, you must move the Court
no later than July 1, 2013. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, or to discuss
your rights or interests regarding this class action, please
contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of
Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at
tjmckenna@gme-law.com or gegleston@gme-law.com.
Attorney Advertising -- Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
Please visit our website at http://www.gme-law.com for more
information about the firm.
CONTACT: Gainey McKenna & Egleston
(212) 983-1300
Digital Generation Systems (NASDAQ:DGIT)
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