April 01, 2015
A California federal judge on Wednesday tossed a consolidated securities class action against Dreamworks Animation SKG Inc. alleging the company misled investors about the success of the animated movie "Turbo" and was too slow to take its $13.5 million write-down, saying the investors failed to show falsity or scienter.
August 01, 2014
DreamWorks Animation SKG Inc. was hit with a proposed securities class action in California federal court on Friday by an investor who says the company was too slow to take its $13.5 million write-down for the movie "Turbo," a cartoon about a snail with super-speed.