An investor in Coinstar shares filed a lawsuit on behalf of purchasers of Coinstar common stock between October 28, 2010 and January 13, 2011 over alleged violations of Federal Securities Laws by Coinstar, Inc. Meanwhile an investigation on behalf of current long term investors of Coinstar, Inc. (NASDAQ:CSTR), including those who purchased also prior to January October 2010 and continue to hold those shares, over possible breaches of fiduciary duty was announced.

The investigation by a law firm on behalf of current long term investors in stock of Coinstar, Inc. (NASDAQ:CSTR) concerns whether certain current and/or former members of Coinstars board of directors and certain executive officers can be held liable in connection with the alleged Securities Laws violations in the lawsuit filed by investors who purchased CSTR only between October 28, 2010 and January 13, 2011.According to this class action complaint filed in the United States District Court for the Western District of Washington the plaintiff alleges only on behalf of purchasers of Coinstar common stock between October 28, 2010 and January 13, 2011that Coinstar, Inc violated the Securities Exchange Act of 1934 by making between October 28, 2010 and January 13, 2011a series of materially false and misleading statements related to the Company's business and operations.

Coinstars 12 months Total Revenue went from $534.44million in 2006 to $1,144.79million in 2009. Its Net Income went from $18.63million in 2006 to $53.64million in 2009. For the first three quarters in 2010 Coinstar, Inc. reported a combined 9months Total Revenue of $1,045.67million with a combined 9months Net Income of $39.31million. Shares of Coinstar, Inc. traded during 2006 as low as $21.90 per share and increased throughout 2007 to $34.49 per share. During 2008 CSTR shares continued to increase to as high as $38.10 per share in May 08 before falling to as low as $17.29 in December 08. During 2009 and 2010 CSTR shares were able to regain value and traded in November 2010 as high as $66.72 per share. Then on January 13, 2011 after the market closed Coinstar reported results for the fourth quarter and full year 2010 and lowered its guidance. Investors first learned that Coinstar, Inc.would earn as little as $0.65 per share for the quarter on revenues of only $391 million, and not the analysts consensus estimate of $0.84 per share, on revenues of $427 million. Shares of Coinstar fell almost 30% from $57.60 on Jan13, 2011 to $41.50 per share on Jan 14, 2011.