Investor Deadline Alert: Law Offices of Howard G. Smith Reminds Starz Investors of Upcoming Lead Plaintiff Deadline
December 30 2015 - 5:10PM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming January 8, 2016 deadline to file a lead
plaintiff motion in the class action filed on behalf of investors
who purchased Starz (“Starz” or the “Company”) (NASDAQ: STRZA;
STRZB) securities between August 1, 2014 and October 29, 2015,
inclusive (the “Class Period”). Investors who suffered losses on
their investment in Starz securities are encouraged to contact the
Law Offices of Howard G. Smith to discuss their legal rights.
On October 29, 2015, Deadline Hollywood revealed that Starz's
former Senior Vice President of Sales and Affiliate Marketing, Keno
Thomas, filed a lawsuit against Starz, CEO Christopher Albrecht,
CRO Michael Thornton, and Liberty Media Corp. The complaint alleges
that Mr. Thomas was fired after he refused to fabricate subscriber
and revenue information at the behest of Starz senior
management.
On this news, STRZA shares fell $3.69 per share, or 9% to close
at $33.51 on October 30, 2015, thereby injuring investors.
The complaint alleges that: (1) Starz lacked adequate internal
controls; (2) according to a former Starz senior executive, Starz’s
contract with Comcast Corporation was a result of illicit business
practices; and (3) as a result, Starz’s public statements were
materially false and misleading at all relevant times.
If you purchased Starz shares, you may move the Court no later
than January 8, 2016 to request appointment as lead
plaintiff. To be a member of the class you need not take any action
at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151230005562/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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