Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit
Has Been Filed Against Digital Generation, Inc. -- DGIT
NEW YORK, May 8, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces
that a class action lawsuit has been filed in the United States District Court
for the Northern District of Texas on behalf of all persons or entities who
purchased the common stock of Digital Generation, Inc. ("Digital")
(Nasdaq:DGIT) between June 20, 2011 and February 19, 2013, seeking remedies
under the federal securities laws.
The Complaint alleges that throughout the Class Period, Digital touted itself
as a company achieving steady and consistent growth, and poised for a
strategic buyout on the basis of its strong performance and diversification.
In order to cultivate this image, Digital allegedly made a series of false
and/or misleading statements regarding its growth and value of its
acquisitions, failing to disclose that: (i) Digital's online segment was
grossly underperforming, and well below the value reported to investors; (ii)
Digital's past acquisitions had masked its declining revenue base; (iii)
Digital had vastly overpaid for its acquisition of Media Mind, Inc. and other
online segments in order to appear to be an attractive acquisition target;
(iv) Digital was not sufficiently poised for a strategic partnership or
buyout; and (v) as a result of the above, Digital's financial statements were
materially false and misleading at all relevant times.
If you wish to serve as lead plaintiff, you must move the Court no later than
July 1, 2013. A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation.If you wish to join the
litigation, or to discuss your rights or interests regarding this class
action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of
Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at
firstname.lastname@example.org or email@example.com.
Attorney Advertising -- Prior results do not guarantee or predict a similar
outcome with respect to any future matter. Please visit our website at
http://www.gme-law.com for more information about the firm.
CONTACT: Gainey McKenna & Egleston
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