Key Developments: Digital Generation Inc (DGIT.OQ)
7.96USD
2:24pm EDT
$0.10 (+1.27%)
$7.86
$7.77
$8.03
$7.77
39,211
146,893
$12.76
$5.79
Latest Key Developments (Source: Significant Developments)
Lifshitz Law Firm Announces Investigation Of Digital Generation Inc
Lifshitz Law Firm announced that a class action suit was filed in the United States District Court for the Northern District of Texas on behalf of purchasers of Digital Generation Inc (DGIT) between June 20, 2011 and February 19, 2013 (Class Period). The Complaint alleges that (i) the Company's online segment was grossly underperforming, and well below the value reported to investors; (ii) past acquisitions had masked the Company's declining revenue base; (iii) the Company had vastly overpaid for its acquisition of Media Mind, Inc. and other online segments in order to appear to be an attractive acquisition target; and (iv) the Company was not sufficiently poised for a strategic partnership or buyout. The firm is investigating legal claims against the officers and Board of Directors of Digital Generation during the Class Period. Full Article
Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Digital Generation Inc
Ryan & Maniskas, LLP announced that class action has been filed in the United States District Court for the Northern District of Texas on behalf of purchasers of Digital Generation, Inc. (Digital Generation or the Company) common stock during the period between June 20, 2011 and February 19, 2013, inclusive (the Class Period). The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the Company's business, financial performance, and prospects. During the Class Period, Digital Generation touted itself as a Company achieving steady and consistent growth, and poised for a strategic buyout on the basis of the Company's strong performance and diversification. In order to cultivate this image, defendants made a series of false and/or misleading statements regarding its growth and value of its acquisitions, failing to disclose that: the Company's online segment was grossly underperforming, and well below the value reported to investors; past acquisitions had masked the Company's declining revenue base; the Company had vastly overpaid for its acquisition of Media Mind, Inc. (Media Mind) and other online segments in order to appear to be an attractive acquisition target; the Company was not sufficiently poised for a strategic partnership or buyout; and as a result of the above, the Company's financial statements were materially false and misleading at all relevant times. Full Article
Federman & Sherwood Announces Securities Class Action Lawsuit Against Digital Generation Inc
Digital Generation Inc announced that on May 2, 2013, a class action lawsuit was filed in the United States District Court for the Northern District of Texas against Digital Generation Inc. The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is June 20, 2011 through February 19, 2013. Plaintiff seeks to recover damages on behalf of all Digital Generation, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, July 1, 2013 to serve as a lead plaintiff for the entire Class. Full Article
Digital Generation Inc Reaffirms FY 2013 Guidance-Conference Call
Digital Generation Inc announced that for fiscal 2013, it expects total revenues to be in the range of $370 million to $400 million and adjusted EBITDA to be in the range of $105 million to $125 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $394 million and EBITDA of $121 million for fiscal 2013. Full Article
Digital Generation Inc Reaffirms FY 2013 Guidance-Conference Call
Digital Generation Inc announced that for fiscal 2013, it expects total revenues to be in the range of $370 million to $400 million and adjusted EBITDA to be in the range of $105 million to $125 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $394 million and EBITDA of $121 million for fiscal 2013. Full Article
Rosen Law Firm Announces Filing Of Securities Class Action Against Digital Generation Inc.
The Rosen Law Firm announced that a class action lawsuit has been filed on behalf of all purchasers of the securities of Digital Generation, Inc. between June 20, 2011 and February 19, 2013. Full Article
Digital Generation Inc Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates; Issues FY 2013 Guidance In Line With Analysts' Estimates
Digital Generation Inc announced that for the first quarter of 2013, it expects revenues to be between $90 and $92 million. Total revenues for fiscal 2013 are expected to be in the range of $370-$400 million and Adjusted EBITDA is expected to be in the range of $105-$125 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of $93 million for the first quarter of 2013; revenues of $397 million and EBITDA of $125 million for fiscal 2013. Full Article
Bronstein, Gewirtz & Grossman, LLC Announces Investigation Of Digital Generation Inc
Bronstein, Gewirtz & Grossman, LLC announced that it is investigating potential claims on behalf of purchasers of the securities of Digital Generation, Inc. (Digital Generation or the Company). The investigation focuses on whether the Company and its executives violated federal securities laws. On February 19, 2013, shares of Digital Generation fell $2.53 or 28% to close at $6.45 after the company announced its failure to find a buyer or strategic partner and on the company's fourth quarter and 2012 annual report, where annual consolidated revenue decreased by 4% year to year, and the company took a $20.8 million loss, including a $11.4 million goodwill impairment charge. The 2012 loss from continuing operations (including a goodwill impairment charge of $219.6 million) was $238.8 million. Full Article
Digital Generation Inc Names New Chief Financial Officer
Digital Generation Inc announced that it has named Craig Holmes as Chief Financial Officer, effective November 12, 2012. Omar Choucair will remain with the Company as Executive Vice President until the end of 2012 and thereafter as a consultant for an additional 18 months, and will continue to support the strategic alternatives process. Full Article
Digital Generation Inc's MediaMind And Omnicom Media Group Announce Strategic Partnership
MediaMind, a division of Digital Generation Inc announced that it will become a global technology partner for Omnicom Media Group (OMG). OMG's clients will use the MediaMind platform to manage and deliver online ads in North America, EMEA, LATAM, and APAC. Full Article

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