Securities Class Action Lawsuit Filed Against Digital Domain Media
Group, Inc.; Shareholders With Large Losses Encouraged to Contact
Holzer Holzer & Fistel, LLC Regarding November 19th Lead Plaintiff
ATLANTA, GA -- (Marketwire) -- 10/30/12 -- A class action lawsuit
has been filed on behalf of investors who purchased common stock of
Digital Domain Media Group, Inc. ("DDMGQ" or the "Company") (OTCQB:
DDMGQ) between November 18, 2011 and September 6, 2012, or otherwise
acquired DDMGQ stock pursuant or traceable to the Company's Initial
Public Offering ("IPO"). The lawsuit, which was filed in the United
States District Court for the Southern District of Florida, alleges
that DDMGQ issued false and misleading statements during that time
relating to the Company's ability to raise capital and to fund its
operations. On September 11, 2012, DDMGQ filed for Chapter 11
bankruptcy and a subsequent news report claimed the Company had been
experiencing difficulties making payroll since at least 2010 and that
it had failed to disclose a $10 million loan secured with DDMGQ
If you purchased DDMGQ common stock between November 18, 2011 and
September 6, 2012, or in connection with the Company's IPO, and
suffered a net loss on those purchases you have the legal right to
petition the Court to be appointed a "lead plaintiff." A lead
plaintiff is a representative party that acts on behalf of other
class members in directing the litigation. Any such request must
satisfy certain criteria and be made no later than November 19, 2012.
Any member of the purported 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.
Investors who are interested in serving as lead plaintiff or who have
questions concerning their legal rights may contact Michael I.
Fistel, Jr., Esq. (firstname.lastname@example.org) or Marshall P. Dees, Esq.
(email@example.com) by email or via toll-free telephone at (888)
Holzer Holzer & Fistel, LLC dedicates its practice to vigorous
representation of shareholders and investors in litigation
nationwide, including shareholder class action and derivative
litigation. More information about the firm is available through its
website, www.holzerlaw.com and upon request from the firm. Holzer
Holzer & Fistel, LLC has paid for the dissemination of this
promotional communication, and Michael I. Fistel, Jr. is the attorney
responsible for its content.
Michael I. Fistel, Jr., Esq.
Marshall P. Dees, Esq.
Holzer Holzer & Fistel, LLC
200 Ashford Center North, Suite 300
(888) 508-6832 (toll-free)
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