SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

November 17, 2015 12:06 ET

INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Starz of Class Action Lawsuit and a Lead Plaintiff Deadline of January 8, 2016 -- STRZA, STRZB

NEW YORK, NY--(Marketwired - Nov 17, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Starz ("Starz") (NASDAQ: STRZA) (NASDAQ: STRZB) between August 1, 2014 and October 29, 2015

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Central District of California. If you purchased or otherwise acquired Starz between August 1, 2014 and October 29, 2015, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/starz-strza

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

According to the complaint, defendants issued materially false and misleading statements to investors and/or failed to disclose 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.

On October 29, 2015, Deadline Hollywood revealed that a lawsuit had been filed against Starz, CEO Christopher Albrecht, CRO Michael Thornton, and Liberty Media by the Company's former Senior Vice President of Sales and Affiliate Marketing, Keno Thomas; the complaint alleges that defendants retaliated against Mr. Thomas for whistleblowing with regard to the Company's affiliate carriage deals with Comcast and DirecTV and for refusing to participate in illegal behavior. 

If you suffered a loss in Starz you have until January 8, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com