Kornitzer Capital Management (KCM) and its CEO, John Kornitzer, were sanctioned by the SEC on Dec 10 for failing to reduce high concentrations in securities of a single company held by four funds managed by KCM. The following timeline illustrates the severity of the mismanagement:

Millions Lost

The price of Lions Gate Entertainment equity securities dropped from $33.81 as of December 29, 2017 to $16.10 as of December 31, 2018, resulting in millions of dollars in losses suffered as a result of overconcentrations during 2018 that could easily have been corrected by August, 2017 as originally promised.

If you are a client of KCM and invested in any of the four affected funds during the timeframe of this willful breach of fiduciary duty, Contact Us right away to find out if you have a case that could help you recover losses.