This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SHAREHOLDER ALERT: Barrack, Rodos & Bacine Investigates Potential Claims On Behalf Of Investors Of DigitalGlobe, Inc. -- DGI

Stocks in this article: DGI

PHILADELPHIA, March 7, 2014 /PRNewswire/ -- Barrack, Rodos & Bacine is investigating potential claims on behalf of investors in DigitalGlobe, Inc. ("DigitalGlobe" or the "Company") (NYSE: DGI) who purchased common stock from October 31, 2013 through February 25, 2014.  Such investors are advised to contact: Sam Ward, Esq. via email at or by telephone at 619-230-0800; or Julie Palley, Esq. via email at or by telephone at (215) 963-0600. 

The investigation concerns whether DigitalGlobe and certain of its officers have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On February 26, 2014, the Company reported its fourth quarter and full-year 2013 results.  The Company's reported full-year revenue and earnings fell well below projections the Company had issued just four months earlier on October 31, 2013, which had sparked a significant increase in the price of DigitalGlobe stock.  The Company further updated its outlook for 2014, guiding to between $630-$660 million in revenue, which was far below the 10% average long term growth the Company had represented during November 2013 investor conferences. 

With this news, shares of DigitalGlobe plummeted from the prior day's close of $41.12 to $29.21, a one-day drop of $11.91, or 27.3% of the stock's value.

Further, on March 2, 2014, the Company announced that it had replaced its chief accounting officer the day after its fourth quarter results were released.  Since then, DigitalGlobe stock has continued to trade in the low $30s.

If you purchased shares in DigitalGlobe from October 31, 2013 through February 25, 2014 and would like to learn more about certain potential claims or wish to discuss the matter further, please contact Sam Ward, Esq. via email at or by telephone at 619-230-0800; or Julie Palley, Esq. via email at or by telephone at (215) 963-0600. 

Barrack, Rodos & Bacine is a national firm with offices in Philadelphia, New York and San Diego.  The firm has extensive expertise in prosecuting securities litigation involving financial reports, representing investors throughout the nation in securities and shareholder lawsuits.  Over the past 15 years, Barrack, Rodos & Bacine has recovered more than $12 billion for injured investors.

SOURCE Barrack, Rodos & Bacine

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs