Lions Gate Entertainment Corp. (NYSE:LGF.A) Files An 8-K Other Events

Lions Gate Entertainment Corp. (NYSE:LGF.A) Files An 8-K Other Events
Item 8.01. Other Events.

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As previously disclosed by Lions Gate Entertainment Corp. (the “Company”), between July 19, 2016 and August 30, 2016,sevenputative class action complaints were filed by purported stockholders of Starz, a subsidiary of the Company, in the Court of Chancery of the State of Delaware against former members of the board of directors of Starz, John C. Malone and the Company (the “Litigation”) in connection with the acquisition of Starz by the Company in December 2016. The Litigation was consolidated intoIn re StarzStockholder Litigation, Consolidated C.A. No. 12584-VCG.

On August 22, 2018, the parties to the Litigation reached an agreement in principle providing for the settlement of the Litigation on the terms and conditions set forth in an executed term sheet (the “Term Sheet”). The Term Sheet provides for, among other things, the final dismissal of the Litigation in exchange for a settlement payment made in the amount of $92.5 million. Insurance reimbursement is being sought and is expected for a significant portion of this amount.

The settlement of the Litigation is subject to the final approval of the Court of Chancery of the State of Delaware. In addition, the settlement of the Litigation is not contingent or dependent in any way on, and does not release or resolve claims for, the separate statutory appraisal action brought by petitioners in In re Starz Appraisal, Consolidated CA. No. 12968-VCG.

This Current Report on Form 8-K includes forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including the risk factors as set forth in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2018. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.

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