New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
December 17, 2014
06:52 EDTLGFLions Gate wanted to talk to Sony about M&A, Reuters says
Subscribe for More Information
06:44 EDTLGFGoogle opponents lobbying state attorneys general, NY Times says
Subscribe for More Information
December 12, 2014
06:27 EDTLGFPiper lowers Mockingjay forecast to $775M from $925M
Subscribe for More Information
December 11, 2014
11:02 EDTLGFLionsgate Motion Picture Group promotes Sean Kisker to Chief Strategy Officer
Subscribe for More Information
08:17 EDTLGFHasbro names Lionsgate Vice Chairman Michael Burns to board of directors
Subscribe for More Information
December 9, 2014
07:32 EDTLGFUBS to hold a conference
Subscribe for More Information
December 4, 2014
16:27 EDTLGFOn The Fly: Closing Wrap
Subscribe for More Information
15:58 EDTLGFStarz weighs alternate option after failing to find buyer, Bloomberg reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use