18:13:21 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Chemical Mining Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Chemical Mining Co. of Chile Inc. -- SQM

2015-04-17 22:00 ET - News Release

NEW ORLEANS, April 17, 2015 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilMay 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.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chemical-mining-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick--foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit-against-chemical-mining-co-of-c-300067581.html

SOURCE Kahn Swick & Foti, LLC

© 2024 Canjex Publishing Ltd. All rights reserved.