PDL BIOPHARMA 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 PDL BioPharma, Inc.
NEW ORLEANS, Sept. 29, 2014 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 17, 2014 to file lead plaintiff applications in a securities class action lawsuit against PDL BioPharma, Inc. ("PDL" or the "Company") (NASDAQ: PDLI) if they purchased the Company's securities between November 6, 2013 and September 16, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Nevada.
What You May Do
If you purchased shares of PDL 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 November 17, 2014.
About the Lawsuit
PDL and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
According to the complaint, after the Company announced on September 16, 2014 that the Company had been orally notified the day before by Ernst & Young LLP, its independent registered accounting firm, that it was resigning effective September 11, 2014, the value of PDL shares declined significantly.
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 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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