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LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Florida on behalf of a class (the aClassa) consisting of all purchasers of the common stock of Digital Domain Media Group, Inc. (aDigital Domaina or the aCompanya) (OTC Markets:DDMGQ) between November 18, 2011 and September 6, 2012, inclusive (the aClass Perioda), including purchasers of Digital Domain common stock in or traceable to the Companyas November 18, 2011 initial public offering, (the aIPOa), seeking to pursue remedies under the federal securities laws.

"predicted a atrain wrecka in an email to an investor in early 2010."

Digital Domain is a digital production company that engages in the creation of original content animation feature films, and the development of computer-generated imagery for feature films and advertising, primarily in the United States. The Complaint alleges that during the Class Period and in connection with the Companyas IPO, defendants made untrue statements of material fact and/or failed to disclose adverse facts concerning the Companyas financial condition. Specifically, the Registration Statement and the Prospectus filed with the Securities and Exchange Commission in connection with the IPO, and other public statements during the Class Period, made material misrepresentations and omissions concerning the Companyas ability to raise capital and fund its operations.

On September 18, 2012, an article published by the Palm Beach Post reported that Digital Domain had experienced difficulties meeting payroll in 2010, and that the Companyas then-Chairman and Chief Executive Officer, John C. Textor, had apredicted a atrain wrecka in an email to an investor in early 2010.a

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a member of the above-described Class, you have certain rights, and have until November 19, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent class member. To [ learn more ], or if you have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ] or visit our website at [ http://www.glancylaw.com ].

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