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 March 7, 2016 to file lead plaintiff applications in a
securities class action lawsuit against KLX Inc. (NasdaqGS: KLXI), if
they purchased the Company’s securities between March 9, 2015 and
November 11, 2015, inclusive (the “Class Period”). This action is
pending in the United States District Court for the Southern District of
Florida.
What You May Do
If you purchased shares of KLX 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 March 7, 2016.
About the Lawsuit
KLX and certain of its executives are charged with failing to disclose
material information during the Class Period, violating federal
securities laws.
On November 12, 2015, KLX disclosed that it would be forced to recognize
an impairment charge of approximately $435 million related to its Energy
Services Group.
On this news, the price of KLX’s shares plummeted by 16%.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160205005918/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
© 2024 Canjex Publishing Ltd. All rights reserved.