SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Starz

03 Nov, 2015, 11:13 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Nov. 3, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Starz. ("Starz" or the "Company") (Nasdaq: STRZA, STRZB  -News).  Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.

The investigation concerns whether Starz and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On October 29, 2015, online magazine Deadline Hollywood revealed that a lawsuit had been filed against Starz, CEO Christopher Albrecht, CRO Michael Thornton and Liberty Media by Keno Thomas, the Company's former Senior Vice President of Sales and Affiliate Marketing.  Among other things, the lawsuit alleged that the defendants retaliated against Mr. Thomas for whistleblowing with regard to the Company's affiliate carriage deals with Comcast and DirecTV and for refusing to participate in illegal behavior.  Specifically, Thomas claims to have been "ordered by Starz senior management, at the behest of Mr. Thornton, to fabricate revenue and subscriber information so that Mr. Thornton and Mr. Albrecht could present those falsified figures to Starz' Board of Directors[.]" 

Following this news, shares of STRZA fell $3.69, or 9%, and STRZB fell $4.98 or over 13% on October 30, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of Starz, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Eitan Kimelman 212-697-6484 info@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC



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