SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 14, 2014 15:42 ET

SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against DreamWorks Animation SKG, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of September 30, 2014 -- DWA

NEW YORK, NY--(Marketwired - Aug 14, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased DreamWorks Animation SKG, Inc. ("DreamWorks" or the "Company") (NASDAQ: DWA) securities between October 29, 2013 and July 29, 2014.

For more information, click here: http://zlk.9nl.com/dreamworks-animation-dwa.

The complaint alleges that DreamWorks and certain of its executives violated federal securities laws by: a) failing to take a timely write-down for Turbo, a 2013 feature film; b) materially overstated the Company's net income for the fiscal year of 2013; c) lacking adequate internal controls over financial reporting; and d) disclosing materially false financial statements throughout the class period.

On July 30, 2014, as a result of this news, DreamWorks shares fell approximately 12 percent, or $2.68 per share, to close at $19.98.

If you suffered a loss in DreamWorks you have until September 30, 2014 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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/dreamworks-animation-dwa

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington, D.C. The firm's 26 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 Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510
    www.zlk.com