NEW ORLEANS, LA--(Marketwired - Apr 22, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 18, 2013 to file lead plaintiff applications in a securities class action lawsuit against UniTek Global Services, Inc. (
What You May Do
If you purchased shares of UniTek 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 Partner, Melinda Nicholson at email@example.com or toll free at 1-877-515-1850. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 18, 2013.
About the Lawsuit
UniTek and certain of its executives are charged with issuing materially false and misleading statements concerning the Company's operations and financial performance, during the Class Period, in violation of federal securities laws.
On April 12, 2013, UniTek announced that it will restate its financial results for the interim periods ended March 31, 2012, June 30, 2012 and September 29, 2012, the fiscal year ended December 31, 2011, and the interim period ended October 1, 2011. The Company also disclosed that, as a result of an ongoing internal investigation "it was determined that several employees of the Company's Pinnacle Wireless subsidiary engaged in fraudulent activities that resulted in improper revenue recognition." UniTek further announced that the several employees were terminated, including the Company's CFO.
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.