U.S. Markets open in 5 hrs 18 mins

PHOENIX SHAREHOLDER ALERT AND NOTIFICATION OF IMPROPER CLASS PERIOD: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Phoenix Companies Inc. - PNX

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 17, 2013 to file lead plaintiff applications in a securities class action lawsuit against The Phoenix Companies Inc. ( NYSE : PNX ), if they purchased the Company's securities during the period between May 5, 2009 and November 7, 2012, inclusive (the "Class Period"). The lawsuit improperly states that the Class Period ends at November 6, 2013. This action is pending in the United States District Court for the District of Connecticut.

What You May Do

If you purchased shares of Phoenix 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 melinda.nicholson@ksfcounsel.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 17, 2013.

About the Lawsuit

Phoenix and certain of its executives are charged with issuing materially false and misleading statements regarding the Company's business, operational and compliance policies, during the Class Period, in violation of federal securities laws.

On November 8, 2012, the Company disclosed that it will restate its previously filed financial statements for the years 2009 through 2011, interim periods for 2011, and first and second quarter of 2012 to "correct certain errors relating to the classification of items on the consolidated statement of cash flows in those periods." In March 2013, Phoenix announced that it would not be able to timely file its Form 10-K for 2012 as a result of the restatements.

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.