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Stock Market & Financial Investment News

News Breaks
March 13, 2014
12:01 EDTLGFLionsgate agrees to pay $7.5M to settle SEC charges over disclosure
The SEC said it charged Lions Gate Entertainment with failing to "fully and accurately disclose to investors a key aspect of its effort to thwart a hostile takeover bid." Lions Gate agreed to pay $7.5M and admit wrongdoing to settle the SECís charges. According to the SEC, "Lions Gateís management participated in a set of extraordinary corporate transactions in 2010 that put millions of newly issued company shares in the hands of a management-friendly director. A purpose of the maneuver was to defeat a hostile tender offer by a large shareholder who had been locked in a battle for control of the company for at least a year. However, Lions Gate failed to reveal that the move was part of a defensive strategy to solidify incumbent managementís control, instead stating in SEC filings that the transactions were part of a previously announced plan to reduce debt."
News For LGF From The Last 14 Days
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November 23, 2014
14:04 EDTLGFLionsgate's 'Hunger Games' sequel falls short of expectations, Bloomberg says
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November 20, 2014
10:50 EDTLGFMockingjay U.S. opening to trail prior Hunger Games film, Piper predicts
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10:33 EDTLGFHigh option volume stocks
High option volume stocks: KBR LM PRGO CHRW DG ZMH LGF ZTS OSIR REGI
November 13, 2014
10:47 EDTLGFLionsgate and CBS Films announce multi-year film distribution partnership
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November 10, 2014
10:14 EDTLGFHigh option volume stocks
High option volume stocks: UN PAGP PHH RGLS DF URA CERS DNDN LGF CALL

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