Press release from Business Wire
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 Deckers Outdoor Corp.
Tuesday, June 05, 2012
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 Deckers Outdoor Corp.01:40 EDT Tuesday, June 05, 2012 NEW ORLEANS (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 July 31, 2012, to file lead plaintiff applications in a securities class action lawsuit against Deckers Outdoor Corp. (Nasdaq: DECK - News), if they purchased Deckers common stock during the period between October 27, 2011 and April 26, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the Central District of California. What You May Do If you purchased shares of Deckers 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 (firstname.lastname@example.org), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (email@example.com), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 31, 2012. About the Lawsuit Deckers and certain of its executives are charged with issuing materially false and misleading statements, during the Class Period, in violation of federal securities laws. On April 26, 2012, Deckers reveled it was operating well below 2Q:12 and full-year 2012 guidance. Following these belated disclosures, shares of Deckers declined $17.63, to close at $51.83 per share on April 27, 2012, a one-day decline of over 25%. This followed a previous decline of $12.49 per share, on February 23, 2012, after the Company also revealed that full year 2012 earnings per share would show no improvement over 2011. 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. Kahn Swick & Foti, LLCLewis Kahn, Managing Partner, 877-515-1850or after hours via cell phone firstname.lastname@example.org