DG FastChannel DGIT Stock Purchasers File Securities Fraud Class Action Lawsuit Complaint Against DG FastChannel, Inc. Over DG FastChannel’s Pathfire Service.
A securities fraud class action lawsuit has been filed against DG FastChannel, Inc. (“DG FastChannel” or “Defendant”) in the United States District Court for the Southern District of New York on behalf of a class consisting of all purchasers of DG FastChannel common stock (symbol: DGIT) during the period between February 16, 2010 and August 29, 2010, inclusive (the “Class Period”), alleging that DG FastChannel violated federal securities fraud laws by purportedly failing to disclose that DG FastChannel was being adversely affected due to a shift in customer mix for DG FastChannel’s Pathfire service, resulting in decline in DG FastChannel’s Standard Definition (“SD”) business, according to class action lawsuit news reports.
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