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NEW ORLEANS, Jan. 08, 2016 (GLOBE NEWSWIRE) -- 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. (Nasdaq: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 ([email protected]). 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 new, 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.
Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner [email protected] 1-877-515-1850 206 Covington St. Madisonville, LA 70447
