Starz

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Starz
Stock Symbol : NASDAQ: STRZA NASDAQ: STRZB
Class Period Start: 08/01/2014
Class Period End: 10/29/2015
Lead Plaintiff motion: 01/08/2016
Date Filed: 11/09/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the Central District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the January 8, 2016 lead plaintiff deadline in a class action lawsuit filed against Starz (NASDAQ: STRZA) (NASDAQ: STRZB) (“Starz” or “the Company”). The suit is pending in United States District Court for the Central District of California and investors, who purchased Starz securities between August 1, 2014 and October 29, 2015, have until January 8, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Starz securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Starz lacked adequate internal controls; according to a former Starz senior executive, Starz’s contract with Comcast Corporation was a result of illicit business practices; and as a result, Starz’s public statements were materially false and misleading at all relevant times.

On October 29, 2015, when the market closed, Deadline Hollywood disclosed that a lawsuit had been filed against Starz, CEO Christopher Albrecht, CRO Michael Thornton and Liberty Media. The lawsuit was filed by Keno Thomas a former Senior Vice President of Sales and Affiliate Marketing, alleging he was ordered by Michael Thornton to fabricate revenue and subscriber information so that the defendants Mr. Albrecht and Mr. Thornton could present those inaccurate information to the Company's Board of Directors. Mr. Thomas also alleges he was terminated by Starz for Whistleblowing and refusing to partake in illegal activities.

After the release of this news, STRZA shares fell $3.69, or 9%, and STRZB shares fell $4.98 or over 13% on October 30, 2015.

If you were negatively impacted by your investment in Starz securities between August 1, 2014 and October 29, 2015, 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.

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