U.S. is seizing Los Angeles mansion from family of Armenian politician accused of bribery [CBS News]
Lions Gate Entertainment Corporation Class A Voting Shares (LGF.A)
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Source: CBS News
which federal prosecutors allege was paid for with millions of dollars in bribes. The home belonging to the family of Gagik Khachatryan is situated in LA's Holmby Hills neighborhood, wedged between Beverly Hills and Bel Air, and was estimated by U.S. prosecutors to be worth $63.5 million in May 2022. An updated estimated value of the home was not given Monday. But the American government will sell it off for the "highest obtainable market price" and keep 85 percent of net profits made from the house's sale, according to a news release from the U.S. Department of Justice. On Monday, federal prosecutors announced a settlement allowing the forfeiture of the estate, which was purchased by a trust benefitting Khachatryan's sons in 2011. The funds came from an Armenian businessman, prosecutors said. While Khachatryan's sons have said the payments were loans, the Department of Justice alleges the money used to buy the house actually came from covers for bribe payments. U.S. prosecutors
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News
- Bronstein, Gewirtz and Grossman, LLC Announces an Investigation Against Lions Gate Entertainment Corporation (LGF.A; LGF.B) and Encourages Stockholders to Seek Compensation for Alleged WrongdoingsAccesswire
- Bronstein, Gewirtz and Grossman, LLC Initiates an Investigation into Allegations Against Lions Gate Entertainment Corporation (LGF.A; LGF.B) And Encourages Investors to Reach OutAccesswire
- LGF.A; LGF.B INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Lions Gate Entertainment Corporation and Encourages Investors to Contact the Firm!GlobeNewswire
- Bronstein, Gewirtz and Grossman, LLC Encourages Lions Gate Entertainment Corporation (LGF.A; LGF.B) Investors to Inquire about Securities InvestigationAccesswire
- 4 Film & Television Production Stocks to Watch on Dull Industry Trends [Yahoo! Finance]Yahoo! Finance
LGF.A
Earnings
- 5/23/24 - Beat
LGF.A
Sec Filings
- 9/5/24 - Form 4
- 8/30/24 - Form 4
- 8/16/24 - Form 4
- LGF.A's page on the SEC website