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4-Traders Homepage  >  Equities  >  Nasdaq  >  Coinstar, Inc.    CSTR

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COINSTAR : Securities Class Action Against Coinstar, Inc. Prompts Shareholder Claims Investigation by Goldfarb Branham Law Firm LLP

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01/25/2011 | 08:10pm CEST

Goldfarb Branham LLP is investigating whether certain officers and directors of Coinstar, Inc. (Nasdaq: CSTR) violated shareholder protection laws between October 28, 2010 and January 13, 2011. Shareholders – or anyone with knowledge of Coinstar's conduct during this time period – are encouraged to contact Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com.

?The class action states that the company failed to disclose important information about (1) poor inventory management; (2) lower sales of Blu-ray DVDs; (3) the 28 day delay imposed by movie studios was adversely affecting the company; (4) and online video streaming was affecting the company worse than the company had indicated,? said securities lawyer Hamilton Lindley. ?When defendants reported the results for the fourth quarter, the stock plummeted 30% in one day.?

Goldfarb Branham's lawyers have significant experience representing individual and institutional investors in over 100 shareholder class action cases. A firm securities lawyer, Hamilton Lindley, can be reached at hlindley@goldfarbbranham.com or 877-583-2855 to discuss the impact of this class action on Coinstar shareholders.

Goldfarb Branham LLP
Hamilton Lindley, 214-583-2233
Toll Free: 877-583-2855
Facsimile: 214-583-2234

© Business Wire 2011
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