Quicksilver Shareholder Alert by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in E...
April 04 2015 - 3:54PM
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 June 1, 2015 to file lead
plaintiff applications in a securities class action lawsuit against
Quicksilver Inc. (NYSE:ZQK) if they purchased the Company’s
securities between the expanded period of June 6, 2014 through
March 26, 2015, 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 Quicksilver 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 (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by June 1, 2015.
About the Lawsuit
Quicksilver and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
On March 26, 2015, the Company announced that its Chief
Executive Officer Andy Mooney had left the Company, to be replaced
by the Company’s President Pierre Agnes, and that its Chief
Financial Officer Richard Shields had also left the Company. The
Company also restated its selected quarterly fiscal year 2014
balance sheet data and income statement data. The Company said it
made errors when recording a writedown of the sale of its stake in
Surfdome Shop Ltd.
On this news, the price of Quicksilver’s shares plummeted.
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, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com