The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their
Investment in Digital Domain Media Group, Inc. of Class Action Lawsuit and the
Deadline of November 19, 2012 to Seek a Lead Plaintiff Position -- DDMGQ
NEW YORK, Nov. 9, 2012 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a
class action lawsuit has been commenced in the United States District Court
for the Southern District of Florida on behalf of investors who purchased
Digital Domain Media Group, Inc. ("Digital Domain" or the "Company")
(OTC:DDMGQ) stock between November 18, 2011 and September 6, 2012.
For more information, click here:
http://zlk.9nl.com/digital-domain-media-ddmgq. There is no cost or obligation
The complaint alleges that Digital Domain's Initial Public Offering ("IPO")
documents failed to disclose that its cash burn rate threatened its viability.
According to a September 18, 2012, article in the Palm Beach Post reported
that Digital Domain had difficulties meeting payroll in 2010, and that
then-Chairman and CEO John C. Textor "predicted a 'train wreck' in an email to
an investor in early 2010."
If you suffered a loss in Digital Domain you have until November 19, 2012to
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
firstname.lastname@example.org or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York and Washington
D.C. The firm has extensive expertise in prosecuting securities litigation
involving financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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: (212) 363-7171
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