TWITTER SHAREHOLDER ALERT By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Exces...
20 Septembre 2016 - 4:07AM
Business Wire
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 15, 2016 to file
lead plaintiff applications in a securities class action lawsuit
against Twitter, Inc. (NYSE: TWTR), if they purchased the Company’s
securities between February 6, 2015 and July 28, 2015, inclusive
(the “Class Period”). 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 Twitter 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 (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by November 15, 2016.
About the Lawsuit
Twitter and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) by early 2015, daily
active users had replaced the timeline views metric as the primary
user engagement metric tracked internally by Twitter; (ii) the
trend in user engagement growth was flat or declining; (iii) new
product initiatives were not having a meaningful impact on Monthly
Active Users (“MAUs”) or user engagement; (iv) Twitter’s stated
acceleration in MAU growth was the result of low-quality MAU
growth; and (v) defendants lacked a basis for their
previously-issued projection of approximately 20% MAU growth.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160919006241/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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