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 May 18, 2015 to file lead plaintiff applications in a
securities class action lawsuit against Chemical Mining Co. of Chile
Inc. (NYSE: SQM) if they purchased the Company’s securities between
March 4, 2014 and March 17, 2015, 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 Chemical Mining 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 May 18, 2015.
About the Lawsuit
Chemical Mining 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) money
from Chemical Mining was channeled illicitly to electoral campaigns for
the Independent Democratic Union (“UDI”), Chile’s largest conservative
party; and (ii) the Company lacked adequate internal controls over
financial reporting.
On February 26, 2015, Chemical Mining issued the first of a series of
disclosures, which revealed that the Company was linked to an ongoing
UDI contribution scandal and ultimately culminated in the termination of
the Chief Executive Officer and resignation of three Board members.
On this news, the price of Chemical Mining’s shares plummeted.
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, Managing Partner,
1-877-515-1850
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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