SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

September 12, 2014 20:38 ET

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Dreamworks Animation SKG Inc. (DWA) to Contact the Firm

NEW YORK, NY--(Marketwired - September 12, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in DreamWorks Animation SKG Inc. ("DreamWorks" or the "Company") (NASDAQ: DWA) of the September 30, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against DreamWorks and certain executives.

A complaint has been filed in the Central District of California on behalf of all persons who purchased or otherwise acquired DreamWorks securities between October 29, 2003 and July 29, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, DreamWorks made false and/or misleading statements and/or failed to disclose that: (i) the Company did not take a write-down regarding its Turbo movie in a timely fashion; (ii) the Company's 2013 fiscal year net income had been materially overstated; and (iii) the Company did not employ adequate internal controls over financial reporting.

On July 29, 2014, during a conference call with analysts, DreamWorks disclosed that it is under investigation by the Securities and Exchange Commission regarding the $13.5 million write-down the studio took in connection to the poor performance of Turbo.

Following this news, the price of the Company's stock declined by $2.68, or over 11%, to close at $19.98 on July 30, 2014.

Request more information now by clicking here: www.faruqilaw.com/DWA. There is no cost or obligation to you.

Take Action

If you invested in DreamWorks stock or options between October 29, 2003 and July 29, 2014, and would like to discuss your legal rights, visit www.faruqilaw.com/DWA. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding DreamWorks' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330