KLX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of...
February 05 2016 - 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 March 7, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
KLX Inc. (NasdaqGS: KLXI), if they purchased the Company’s
securities between March 9, 2015 and November 11, 2015, inclusive
(the “Class Period”). This action is pending in the United States
District Court for the Southern District of Florida.
What You May Do
If you purchased shares of KLX 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 March 7, 2016.
About the Lawsuit
KLX and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On November 12, 2015, KLX disclosed that it would be forced to
recognize an impairment charge of approximately $435 million
related to its Energy Services Group.
On this news, the price of KLX’s shares plummeted by 16%.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160205005918/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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