Digital Generation Inc (NASDAQ:DGIT) Investor Investigation Over Possible Securities Laws Violations Announced

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Company Name(s): 
Digital Generation
Affected Securities: 
NASDAQ: DGIT

Mar. 25, 2013 (Shareholders Foundation) - An investigation on behalf of investors of Digital Generation Inc (NASDAQ:DGIT) shares over potential securities laws violations by Digital Generation Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Digital Generation Inc (NASDAQ:DGIT) concerning whether a series of statements by Digital Generation Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Digital Generation Inc (NASDAQ:DGIT) reported that ist annual Total Revenue rose from $241.33 million in 2010 to $324.26 million in 2011. However, its respective Net Income declined from $41.57 million in 2010 to $24.48 million.

Shares of Digital Generation Inc (NASDAQ:DGIT) traded in 2010 as high as $42.47 per share and in 2011 as high as $36.59 per share.

On Feb. 19, 2013, Digital Generation Inc announced the results of the review of its strategic alternatives by a Special Committee of its Board of Directors.
Digital Generation Inc said that since August 2012, the Special Committee has explored numerous strategic alternatives available to the Company, including a sale of all or parts of the business, a spin-off and split-off of parts of the business, capital structure alternatives, and potential merger combinations.
Digital Generation Inc said that none of the parties contacted by the Special Committee presented a definitive transaction for final approval by the Special Committee.

NASDAQ:DGIT shares fell on Feb. 19, 2013, to as low as $6.45 per share, which is less than its current 52 week High.

On March 25, 2013, NASDAQ:DGIT shares closed at $6.77 per share.