CHEMICAL MINING SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses ...
March 27 2015 - 10:00PM
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.
Kahn Swick & Foti, LLCLewis Kahn, Managing Partner,
1-877-515-1850lewis.kahn@ksfcounsel.com
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