WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Starz (NASDAQ GS: STRZA, STRZB)?
- Did you purchase your shares between August 1, 2014 and October 29, 2015, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of Starz (“Starz” or the “Company”) (NASDAQ: STRZA, STRZB) between August 1, 2014 and October 29, 2015, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
The Complaint alleges that on October 29, 2015, it was reported that Starz’s former Senior Vice President of Sales and Affiliate Marketing Keno Thomas had filed a lawsuit against Starz, CEO Christopher Albrecht, CRO Michael Thornton and Liberty Media alleging that Thomas “was ordered by Starz senior management, at the behest of Mr. Thornton, to fabricate revenue and subscriber information so that Mr. Thornton and Mr. Albrecht could present those falsified figures to Starz’s Board of Directors.” The lawsuit further alleged that Messrs. Albrecht and Thornton, along with Liberty Media, retaliated against Mr. Thomas for whistleblowing about the Company’s affiliate deals with Comcast and DirecTV, and for refusing to participate in Starz’s illicit scheme.
On October 30, 2015, the day after disclosure of the lawsuit and its allegations, the price of the Company’s common stock fell to $32.73 per share from a close $37.71 per share on October 29, 2015.
If you wish to serve as lead plaintiff, you must move the Court no later than January 8, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice. One of the key factors in selecting the lead plaintiff is the size of the loss. The larger the size of your economic loss, the greater the likelihood that you may be appointed to serve as lead plaintiff. Alternatively, you may choose to do nothing and remain an absent class member.
If you purchased shares of Starz during the Class Period, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com; or at: http://rigrodskylong.com/investigations/starz-strza-strzb.
Attorney advertising. Prior results do not guarantee a similar outcome.
