Ex-Digital Domain CEO, Directors Hit With Investor Suit

Law360, New York (May 21, 2013, 5:04 PM EDT) -- Two investment funds on Friday sued the former CEO and several executives of Digital Domain Media Group in New York state court, accusing them of withholding key information about the company’s rocky financial position before its initial public offering in 2011 and subsequent bankruptcy last year.

Iroquois Master Fund Ltd. and Kingsbrook Opportunities Master Fund LP claim former Digital Domain Media Group CEO John Textor and several other top officials and directors at DDMG intentionally kept potential investors in the dark about the company’s less-than-stable financial...
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