NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until February 27, 2015 to file lead plaintiff applications
in a securities class action lawsuit against RCS Capital Corporation
(NYSE: RCAP) if they purchased the Company’s securities between February
12, 2014 and October 31, 2014, inclusive (the “Class Period”). This
action is pending in the United States District Court for the Southern
District of New York.
What You May Do
If you purchased shares of RCS Capital and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by February 27, 2015.
About the Lawsuit
RCS Capital and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
These false statements and omissions included, in part, that: (i)
American Realty Capital Properties, Inc.’s financial statements were
materially false and misleading as a result of a massive accounting
scandal perpetrated and concealed by American Realty’s senior
management, including RCS Capital’s former Chairman Nicholas Schorsch;
(ii) RCS Capital’s proposed acquisition of Cole Capital from American
Realty was at serious risk due to the fraud; (iii) RCS Capital’s revenue
stream from its relationship with American Realty was in jeopardy as a
result of the accounting scandal; and (iv) RCS Capital’s statements
concerning its financial position and the Cole Capital acquisition were
materially false and misleading at all relevant times.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders,
you may visit www.ksfcounsel.com.
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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