DG FastChannel, Inc. is an American company that provides satellite technology for advertising content distribution.

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.