Case Page

 

Case Status:    SETTLED
On or around 09/20/2011 (Other)

Filing Date: September 02, 2010

According to the complaint filed September 02, 2010, on a August 04, 2010, a 2010 DG FastChannel conference call was conducted in which the defendants touted the Company’s performance for the second quarter, but did not reveal that the Company had any significant business problems that should have been disseminated to the investing public.

On November 23, 2010, the Court issued a Memorandum and Order consolidating the cases and appointing lead plaintiff and lead counsel. On January 24, 2011, the lead plaintiff filed a Consolidated Amended Class Action Complaint against the defendants.

On June 17, 2011, the plaintiffs filed a motion for preliminary approval of the proposed class action settlement. The proposed settlement is in the amount of $2 million in cash. On June 22, 2011, the settlement was preliminarily approved. The settlement is scheduled to be held on September 13, 2011.

COMPANY INFORMATION:

Sector: Services
Industry: Advertising
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DGIT
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 10-CV-06523
JUDGE: Hon. Richard J. Sullivan
DATE FILED: 09/02/2010
CLASS PERIOD START: 08/04/2010
CLASS PERIOD END: 08/27/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Roy Jacobs & Associates (New York)
    60 East 42nd Street, 46th Floor, Roy Jacobs & Associates (New York), NY 10165
    212.867.1156 212.867.1156 · jacobs@jacobsclasslaw.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 10-CV-06523
JUDGE: Hon. Richard J. Sullivan
DATE FILED: 01/24/2011
CLASS PERIOD START: 08/04/2010
CLASS PERIOD END: 08/27/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
No Document Title Filing Date