NEW ORLEANS, Oct. 14, 2016 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until November 15, 2016
to file lead plaintiff applications in a securities class action
lawsuit against Twitter, Inc. (NYSE: TWTR), if they purchased the
Company's securities between February 6,
2015 and July 28, 2015,
inclusive (the "Class Period"). This action is pending in the
United States District Court for the Northern District of
California.
What You May Do
If you purchased shares of Twitter 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 November 15,
2016.
About the Lawsuit
Twitter and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) by early 2015,
daily active users had replaced the timeline views metric as the
primary user engagement metric tracked internally by Twitter; (ii)
the trend in user engagement growth was flat or declining; (iii)
new product initiatives were not having a meaningful impact on
Monthly Active Users ("MAUs") or user engagement; (iv) Twitter's
stated acceleration in MAU growth was the result of low-quality MAU
growth; and (v) defendants lacked a basis for their
previously-issued projection of approximately 20% MAU
growth.
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, antitrust and consumer class
actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New
York, California and
Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC