VIOLIN MEMORY SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Violin Memory, Inc. - VMEM
(firmenpresse) - NEW ORLEANS, LA -- (Marketwired) -- 11/27/13 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until to file lead plaintiff applications in a securities class action lawsuit against Violin Memory, Inc. (NYSE: VMEM), if they purchased the Company's common stock pursuant and/or traceable to Company's September 26, 2013 Initial Public Offering (the "IPO"). This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased shares of Violin 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 () or KSF Partner Melinda Nicholson (). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by .
About the Lawsuit
Violin, certain of its executives, and the underwriters of the IPO are charged with issuing a series of materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, violating federal securities laws.
On November 21, 2013, Violin announced its Third Quarter Fiscal 2014 financial results, reporting a loss of $0.66 per share and an adjusted loss of $0.85 per share -- almost twice as much as the net loss of $0.44 per share that Wall Street analysts had expected -- and provided a full-year revenue forecast of only between $30-$32 million, much lower than the $44 million analysts had estimated.
On this news, Violin was downgraded by multiple analysts, and its shares fell drastically, by over 48%.
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
Melinda Nicholson
Partner
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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Datum: 28.11.2013 - 03:00 Uhr
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