San Diego, CA -- (SBWIRE) -- 08/11/2014 -- An investor, who purchased shares of Dreamworks Animation Skg Inc (NASDAQ:DWA), filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Dreamworks Animation Skg Inc in connection with certain allegedly false and misleading statements made between October 29, 2013 and July 29, 2014.

Investors who purchased shares Dreamworks Animation Skg Inc (NASDAQ:DWA) have certain options and for certain investors are short and strict deadlines running. Deadline: September 30, 2014. NASDAQ:DWA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Dreamworks Animation Skg Inc (NASDAQ:DWA) common shares between October 29, 2013 and July 29, 2014, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between October 29, 2013 and July 29, 2014Defendants made allegedly false and/or misleading statements and/or failed to disclose that Dreamworks Animation Skg Inc improperly accounted for the Turbo movie prior to the write-down, that Dreamworks Animation Skg Inc improperly accounted for the write-down related to the Turbo movie, that Dreamworks Animation Skg Inc lacked adequate internal and control over financial reporting, and that as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

Shares of Dreamworks Animation Skg Inc (NASDAQ:DWA) grew from $16.35 per share in December 2012 to as high as $35.74 per share in late December 2013.

On February 25, 2014, Dreamworks Animation Skg Inc reported its fourth quarter and year-end 2013 financial results.

Dreamworks Animation Skg Inc reported that its annual Total Revenue declined from $749.84 million in 2012 to $706.92 million in 2013 while its Net Loss of $36.42 million in 2012 turned to a Net Income of $55.08 million in 2013.

Shares of Dreamworks Animation Skg Inc (NASDAQ:DWA) declined from almost $36 in late December 2013 to $21.93 per share in mid-July 2014.

Then on July 29, 2014, , during a conference call with analysts, Dreamworks Animation Skg Inc revealed that the Company is under investigation by the Securities and Exchange Commission for the $13.5 million write-down the studio took in February in relation to the poor performance of Turbo.

Shares of Dreamworks Animation Skg Inc (NASDAQ:DWA) declined from $22.66 per share on July 29, 2014, to $19.20 per share on July 30, 2014.

On August 8, 2014, NASDAQ:DWA shares closed at $20.27 per share.

Those who purchased shares of Dreamworks Animation Skg Inc (NASDAQ:DWA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com