Archive for July, 2014

Class Action Lawsuit – Lions Gate Entertainment Corp.

Tripp Levy PLLC announces that a class action lawsuit has been filed on behalf of all purchasers of the common stock Lions Gate Entertainment Corp.

July 14, 2014
New York, New York

Tripp Levy PLLC, a leading national securities law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the common stock Lions Gate Entertainment Corp. (“Lions Gate” or the “Company”) (NYSE: LGF) between February 11, 2013 and March 13, 2014, inclusive (the “Class Period”).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact us toll free at 1-800-511-7037 or contact us via our website. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges Lions Gate and certain of its executives with violations of federal securities laws. On March 13, 2014, the SEC issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order concerning the SEC’s investigation of false and misleading statements and omissions made by Lions Gate regarding a series of transactions designed to prevent a takeover of the Company by Carl Icahn and his affiliates. As disclosed in the Order, and alleged in the complaint, Lions Gate settled the investigation by, among other things, agreeing to pay $7.5 million in fines and acknowledging that it had violated the federal securities laws.

Plaintiffs seek to recover damages on behalf of all purchasers of Lions Gate publicly traded securities during the Class Period (the “Class”). Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome

Investigating Acquisition of URS Corp.

Tripp Levy PLLC investigating the acquisition of URS Corp. on behalf of its shareholders

July 14, 2014
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, has announced that it is investigating the acquisition of URS Corp. (NYSE: URS) on behalf of investors. AECOM Technology Corporation and URS Corporation today announced the execution of a definitive agreement under which AECOM will acquire all outstanding shares of URS for a combination of cash and stock valued at approximately $4 billion or $56.31 per URS share, based on the AECOM closing share price as of July 11, 2014. URS stockholders will receive per share consideration equal to $33.00 in cash and 0.734 shares of AECOM common stock for each URS share.

The investigation concerns whether the senior management and board of directors of URS engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares, and whether the price of $56.31 is unfairly low. Indeed, the price is a fraction above the company’s book value per share ($55.35) and is below what the stock was trading at the day prior to the announcement ($56.70 per share).

If you are a shareholder of URS and would like additional information regarding this matter at no cost or expense please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC and its affiliates have recovered billions of dollars for shareholders in securities actions across the nation. Attorney advertising. Prior results do not indicate a similar outcome.

Investigating Acquisition of Vitacost.com, Inc.

Tripp Levy PLLC investigating the acquisition of Vitacost.com, Inc. on behalf of its shareholders

July 2, 2014
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm announces that it is investigating the acquisition of Vitacost.com, Inc. (NASDAQ: VITC) on behalf of its shareholders. It was announced that The Kroger Co. and Vitacost.com entered into a definitive merger agreement under which Kroger will purchase all outstanding shares of Vitacost.com for $8.00 per share in cash, or approximately $280 million.

The investigation concerns whether the board of directors of Vitacost.com engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares, and whether the price of $8 per share is unfairly low. Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $10 per share. Further, the company has no long term debt and its stock price reached a high of $9.40 per share recently.

If you are a shareholder of Vitacost.com and would like additional information regarding this matter at no cost or expense please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC, and its affiliate, Milberg LLP, have recovered billions of dollars for shareholders in securities actions across the nation. Attorney advertising. Prior results do not indicate a similar outcome.

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