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Charles Paddock v. Dreamworks Animation SKG, Inc. et al
Case Number:
2:14-cv-06053
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 01, 2015
Dreamworks Beats Securities Suit Over Sluggish 'Turbo' Toon
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.
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August 01, 2014
Dreamworks Hit With Investor Class Action Over 'Turbo' Flop
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.