Glancy Binkow & Goldberg LLP Announces Investigation Of Digital Domain Media Group Inc

Glancy Binkow & Goldberg LLP announced that it is investigating potential claims on behalf of purchasers of the securities of Digital Domain Media Group Inc concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Digital Domain between November 18, 2011 and September 11, 2012 were false and misleading concerning the Company’s financial performance and prospects. The investigation concerns allegations that certain documents issued by the Company in connection with its initial public offering failed to disclose that Digital Domain’s cash burn rate threatened its financial viability. On September 18, 2012, an article published by the Palm Beach Post reported that Digital Domain had experienced difficulties meeting payroll in 2010, and that the Company’s then-Chairman and Chief Executive Officer, John C. Textor, had “predicted a ‘train wreck’ in an email to an investor in early 2010.”