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topicnews · September 2, 2024

LGF-A and LGF-B investors have the opportunity to join the Lions Gate Entertainment Corp. fraud investigation with Schall Law Firm

LGF-A and LGF-B investors have the opportunity to join the Lions Gate Entertainment Corp. fraud investigation with Schall Law Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims of violations of the securities laws on behalf of investors in Lions Gate Entertainment Corp. (“Lions Gate” or “the Company”) (NYSE: LGF-A, LGF-B).

The investigation is focused on whether the company made false and/or misleading statements and/or failed to disclose relevant information to investors. Lions Gate is the subject of an August 27, 2024 Bloomberg article reporting on a lawsuit filed against the company by the Canada Pension Plan Investment Board. The lawsuit seeks to prevent the company from separating from cable and streaming service Starz through a SPAC merger. The lawsuit alleges that the company breached its obligations to investors in a 2021 $1 billion bond offering. The lawsuit alleges that the company was involved in a scheme to transfer its studio business to a blank check vehicle.