NEW ORLEANS, LA--(Marketwired - Aug 28, 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 October 28, 2013 to file lead plaintiff applications in a securities class action lawsuit against LightInTheBox Holding Co., Ltd. (
What You May Do
If you purchased shares of LightInTheBox 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 (firstname.lastname@example.org) or KSF Partner Melinda Nicholson (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 28, 2013.
About the Lawsuit
LightInTheBox and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
These false statements and omissions included, in part, that: (i) LightInTheBox's sales growth had dramatically decreased during the second quarter of 2013; (ii) LightInTheBox's costs had grown more than its sales during the second quarter of 2013; and (iii) the Company was not on track to achieve the financial results defendants had led the market to expect during the Class Period.
On August 19, 2013, the Company announced its second quarter 2013 financial results, which were significantly below expectations, causing the Company's shares to fall by almost 40%.
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.