NEW ORLEANS, LA--(Marketwire -04/04/12)- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 6, 2012 to file lead plaintiff applications in a securities class action lawsuit against BioSante Pharmaceuticals, Inc. ("BioSante" or the "Company") (NASDAQ: BPAX - News), if they purchased the Company's securities during the period between February 12, 2010 and December 15, 2011 (the "Class Period"). The lawsuit was filed in the United States District Court for the Northern District of Illinois, Eastern Division.
What You May Do
If you purchased securities of BioSante 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, you must apply to the Court by April 6, 2012.
About the Lawsuit
BioSante and its Chief Executive Officer are charged with issuing materially false and misleading statements, during the Class Period, in violation of Section 10(b) and 20(a) of the Exchange Act and Rule 10b-5.
On December 14, 2011, shares of BioSante declined by over 75%, after investors learned, for the first time, that LibiGel failed in efficacy tests. This drug failure was in stark contrast to the positive statements made during the Class Period.
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 class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447