NEW ORLEANS, Nov. 25, 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 January 9, 2017 to
file lead plaintiff applications in a securities class action
lawsuit against InfuSystem Holdings, Inc. (NYSE MKT: INFU), if they
purchased the Company's securities between May 12, 2015 and November
7, 2016, 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 InfuSystem 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 January 9,
2017.
About the Lawsuit
InfuSystem 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) InfuSystem lacked
effective internal control over financial reporting; (ii)
InfuSystem's financial statements dating back to the beginning of
2015 overstated the estimated accounts receivable collections which
in turn overstated revenues and pre-tax income by a corresponding
amount; (iii) InfuSystem's financial statements dating back to the
beginning of 2015 could no longer be relied upon; and (iv) as a
result of the foregoing, the InfuSystem's financial statements were
materially false and misleading at all relevant times.
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