From the Wires
LEXMARK INTERNATIONAL 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 Lexmark International, Inc. - (LXK)
By: PR Newswire
Aug. 11, 2017 10:50 PM
NEW ORLEANS, Aug. 11, 2017 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 19, 2017 to file lead plaintiff applications in a securities class action lawsuit against Lexmark International, Inc. (NYSE: LXK), if they purchased the Company's securities between August 1, 2014 and July 20, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
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What You May Do
If you purchased securities of Lexmark 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, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit http://ksfcounsel.com/cases/nyse-lxk to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 19, 2017.
About the Lawsuit
Lexmark and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) there were significant declines in demand and growth for the Company's supplies business; (ii) supplies revenue growth was not caused primarily by demand, but by advance buying ahead of scheduled price increases; (iii) this buying practice resulted in excessive inventory levels at its wholesale distributors; and (iv) as a result of the foregoing, Lexmark's financial statements were materially false and misleading at all relevant times.
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.
Kahn Swick & Foti, LLC
View original content with multimedia:http://www.prnewswire.com/news-releases/lexmark-international-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-lexmark-internatio-300503451.html
SOURCE Kahn Swick & Foti, LLC
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