SOURCE: Hagens Berman Sobol Shapiro LLP

Hagens Berman Sobol Shapiro LLP

September 25, 2014 11:12 ET

Hagens Berman Reminds DreamWorks Investors That 5 Days Remain in Lead Plaintiff Class Action Deadline

SAN FRANCISCO, CA--(Marketwired - September 25, 2014) - Hagens Berman Sobol Shapiro LLP, a top-tier investor-rights law firm, advises investors of the Sept. 30, 2014, lead plaintiff deadline in the securities fraud class action against DreamWorks Animation SKG, Inc. (NASDAQ: DWA) ("DreamWorks" or "the Company"). Investors who purchased DreamWorks stock between Oct. 29, 2013 and July 29, 2014 (the "Class Period") may contact Hagens Berman Partner Reed Kathrein, who is leading the firm's investigation, by calling (510) 725-3000, emailing DWA@hbsslaw.com or visiting http://hb-securities.com/investigations/DWA.

The complaint, filed in the U.S. District Court for the Central District of California on August 1, 2014, is docketed under 2:14-cv-06053. It alleges that DreamWorks knowingly delayed the write-down of losses associated with the Company's film Turbo. Turbo premiered in June 2013 but DreamWorks did not admit that it needed to write down $13.5 million associated with Turbo losses until February 2014. And on July 29, 2013, the Company revealed that it was under investigation by the SEC for its eight-month delay in informing investors about the write-down.

"Somewhere along the way, DreamWorks has adopted a corporate culture that seeks to mislead investors. The Company attempted to inflate prices and benefit at its shareholder's expense," said Mr. Kathrein.

If you have suffered a loss from your investment in DreamWorks securities purchased on or after October 29, 2013 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. 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.

Persons with non-public information should consider their options to help in the investigation. For more information, call Reed Kathrein at (510) 725-3000 or email DWA@hbsslaw.com.

About Hagens Berman
Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm with offices in nine cities. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. Read the firm's Securities Newsletter at http://www.hb-securities.com/newsletter. The firm's blog is located at www.meaningfuldisclosure.com.

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Contact Information

  • Hagens Berman Sobol Shapiro LLP
    Reed Kathrein
    510-725-3000