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