mail@shareholdersfoundation.com
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Sep 02, 2010 -
An investigation on behalf of investors of DG FastChannel Inc. (NASDAQ:DGIT)
over possible violations of Federal Securities Laws by DG FastChannel in connection with its stock price drop of more than 40% was announced.
If you are an investor in DG FastChannel Inc. (NASDAQ:DGIT)
, and/or have information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc by email mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
DG FastChannel, Inc, located in Irving, Texas, is a provider of digital technology services, which enables the electronic delivery of advertisements, syndicated programs, and video news releases to broadcasters, online publishers and other media outlets. Shares of DG FastChannel Inc. (NASDAQ: DGIT) dropped from $27.52 per share on Friday Aug 27, 2010, to $15.21 per share on Monday, August 30, 2010, after DG FastChannel announced weaker-than-
expected revenue for the 2010 third quarter. The investigation by a law firm concerns whether prior statements of the Company did not properly disclose on-going business risks with respect to customers, integration of acquired businesses and weakening financial results.
DG FastChannel Inc. reported over the past four years increasing revenue. DG Fast Channel reported in 2006 $68.67million, in 2007 $97.69million, in 2008 $157.08million, and in 2009 $190.89million. Shares of DG FastChannel Inc. (NASDAQ: DGIT) traded recently at $15.80 per share, down from its current 52weekHigh of $44.19 per share.
Those who are investors in DG FastChannel Inc. (NASDAQ:DGIT)
, and/or have information relating the investigation, have certain options and should contact the Shareholders Foundation, Inc by email mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
