INVESTOR ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Large Financial Interests of Important Deadline in Lawsuit Against Powerwave Technologies, Inc. - [PWAV]
(firmenpresse) - NEW ORLEANS, LA -- (Marketwire) -- 04/06/12 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have , to file lead plaintiff applications in a securities class action lawsuit against Powerwave Technologies, Inc. ("Powerwave" or the "Company") (NASDAQ: PWAV), if they purchased the Company's common stock during the period between February 1, 2011 and October 18, 2011, inclusive (the "Class Period"). The action is pending in the United States District Court for the Central District of California.
What You May Do
If you purchased shares of Powerwave 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, e-mail or call KSF Managing Partner, Lewis Kahn (), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action, you must make an application to Court by .
About the Lawsuit
Powerwave and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On October 18, 2011, Powerwave reported results that were well below estimates previously sponsored and/or endorsed by the Company, and revealed that it was performing poorly and running through its available funds at an expedited rate. In response to these announcements, the following day, shares of the Company collapsed -- falling over 42%, on extremely heavy trading volume.
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 .
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn
Managing Partner
877-515-1850
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447
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Datum: 06.04.2012 - 23:41 Uhr
Sprache: Deutsch
News-ID 132844
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