January 25, 2016 - The court entered a judgement dismissing the action and closing the case.
January 22, 2016 - The court granted defendants' motion to dismiss.

April 30, 2015 - Defendants filed a motion to dismiss.

April 1, 2015 - The court denied defendants' motion to dismiss without prejudice.

March 30, 2015 - The lead plaintiff filed an amended consolidated complaint.

March 31, 2015 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

February 12, 2015 - Defendants filed a motion to dismiss.

December 29, 2014 - The plaintiff filed an amended complaint.

September 9, 2014 - Lead plaintiff motions were filed.

July 11, 2014 - An investor in shares of Lions Gate Entertainment Corporation (USA) (NYSE: LGF) filed a lawsuit in the U.S. District Court for the Southern District of New York against Lions Gate Entertainment Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 11, 2013 and March 13, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of Lions Gate Entertainment Corporation (USA) (NYSE: LGF) common shares between February 11, 2013 and March 13, 2014, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that by early 2013, and unbeknownst to investors, Lions Gate Entertainment Corporation was under investigation by the U.S. Securities and Exchange Commission (“SEC”) for making allegedly false and misleading statements and omissions concerning a series of transactions designed to prevent a takeover of the Company by Carl Icahn and his affiliates and that between February 11, 2013 and March 13, 2014 Lions Gate Entertainment Corporation and the other defendants allegedly misrepresented and/or failed to disclose the existence of the SEC investigation, the prospect of legal proceedings associated with the misconduct under investigation, and the Company’s exposure to loss in connection therewith.

Beginning in or about March 2010, Carl Icahn and his affiliates commenced a series of tender offers intended to facilitate his takeover of Lions Gate Entertainment Corporation by increasing his ownership interest in Lions Gate Entertainment Corporation and allowing him to designate his chosen representatives to Lions Gate Entertainment Corporation’s board of directors.

The plaintiff claims that threatened by the possibility of losing control of Lions Gate Entertainment Corporation or being replaced, Lions Gate Entertainment Corporation’s management and Board sought to block Carl Icahn and his affiliates’ plans and on July 20, 2010, the Board – with management’s assistance – approved and facilitated the Transactions, which resulted in placing over 16 million shares of common stock in the hands of director Mark Rachesky and/or entities he controlled (“Rachesky”) while diluting the interests of other Lions Gate Entertainment Corporation shareholders, including Icahn, and that thereafter, Lions Gate Entertainment Corporation publicly represented that the Transactions were “a key part of Lions Gate Entertainment Corporation’s previously announced plan to reduce its total debt, as well as its nearer term maturities” when in fact, the SEC found, Lions Gate Entertainment Corporation had not announced any such debt-reduction plan.

On May 30, 2013, Lions Gate Entertainment Corporation reported its fiscal 2013 financial results. Lions Gate Entertainment Corporation reported that Total Revenue rose from over $1.58 billion for the 12 months period that ended on March 31, 2012 to over $2.7 billion for the 12 months period that ended on March 31, 2013. Shares of Lions Gate Entertainment Corporation (USA) (NYSE: LGF) rose from $8.41 per share in early 2012 to as high as $37.46 per share in October 2013.

On March 13, 2014, Lions Gate Entertainment Corporation disclosed that it has entered into an administrative order with the United States Securities and Exchange Commission. Lions Gate Entertainment Corporation said that under the settlement, Lions Gate Entertainment Corporation has admitted to certain disclosure violations and has agreed to pay $7.5 million in penalties. Shares of Lions Gate Entertainment Corporation declined to $25.20 per share on March 28, 2014.

Then on May 29, 2014, Lions Gate Entertainment Corporation reported its fiscal 2014 full year financial results. Lions Gate Entertainment Corporation reported that its Total Revenue declined from over $2.7 billion for the 12 months period that ended on March 31, 2013 to over $2.63 billion for the 12 months period that ended on March 31, 2014 and that its respective Net Income decreased from $232.13 million to $152.04 million. Shares of Lions Gate Entertainment Corporation (NYSE: LGF) closed on May 30, 2014 at $26.13 per share.

On July 11, 2014, Lions Gate Entertainment Corporation (NYSE: LGF) shares closed at $28.58 per share.