|By PR Newswire||
|July 30, 2014 10:48 AM EDT|
NEW YORK, July 30, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of DreamWorks Animation SKG Inc. ("DreamWorks" or the "Company") (NASDAQ: DWA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether DreamWorks and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 28, 2014, a report published by the Bloomberg News website reported that the U.S. Securities and Exchange Commission was investigating the Company's write down of its "Turbo" inventory. Dreamworks stated that it was cooperating with the investigation.
On this news, shares of DreamWorks fell $2.70 per share to $19.95, or more than 11.94%, in intraday trading on July 30, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP
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