LONGFIN INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Longfin Corp. for Possible Securities Fraud - (LFIN)
NEW ORLEANS, March 30, 2018 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Longfin Corp. (NasdaqCM: LFIN).
On March 26, 2018, Citron Research reported that the Company was "a pure stock scheme" and "[f]ilings and press releases are riddled with inaccuracies and fraud." The next day, Bloomberg reported that the Company was being removed from the Russell 2000 Index, less than two weeks after joining, as well as the Russell 200 Index, the Russell Global Index and the Russell Developed Index.
On this news, the price of Longfin's shares plummeted.
KSF's investigation is focusing on whether Longfin and/or its officers and directors violated state or federal securities laws.
If you are a Longfin shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email at ([email protected]), or visit us at https://www.ksfcounsel.com/cases/nasdaqcm-lfin/ to learn more.
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.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC
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