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INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC, Remind Investors With Large Financial Interests of Lead Plaintiff Deadline in Class Action Lawsuit Against KIT digital, Inc. - KITD


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© Marketwire 2012
2012-12-05 23:29:23 -

NEW ORLEANS, LA -- (Marketwire) -- 12/05/12 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 29, 2013 to file lead plaintiff applications in a securities class action lawsuit against KIT digital, Inc. (NASDAQ: KITD), if they purchased the Company's common stock during the period between May 19, 2009 through November 21, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.





What You May Do



If you purchased shares of KIT digital 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 ( lewis.kahn@ksfcounsel.com : mailto:lewis.kahn@ksfcounsel.com ), toll free, 877-515-1850, or via cell phone any time at 504-301-7900. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 29, 2013.



About the Lawsuit



KIT digital 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. These false statements and omissions included, in part, the following: (i) the Company was suffering from deficient internal controls and procedures; (ii) the Company had failed to disclose its true financial and operational condition; and (iii) the Company failed to disclose that its financial statements were materially false and misleading.



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 : ctt.marketwire.com/?release=962444&id=2360917&type=1& .. .




Contact:

Kahn Swick & Foti, LLC
Lewis Kahn
Managing Partner
877-515-1850
or after hours via cell phone 504-301-7900
lewis.kahn@ksfcounsel.com :
206 Covington St.
Madisonville, LA 70447



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