INVESTOR ALERT: KGS Notifies KKR Financial Holdings, LLC Shareholders That They Have Until October 6, 2008 to File Lead Plaintif
August 07 2008 - 10:17PM
Marketwired
Kahn Gauthier Swick, LLC ("KGS") reminds shareholders that October
6, 2008 is the deadline to file lead plaintiff applications in a
securities class action pending in the United States District Court
for the Southern District of New York, on behalf of shareholders
who acquired the common stock of KKR Financial Holdings ("KFN" or
the "Company") (NYSE: KFN) in connection with the Company's
Registration Statement and Prospectus (the "Registration
Statement") issued pursuant to its May 4, 2007 merger and share
issuance ("Merger").
If you would like to discuss your legal rights, you may e-mail
or call KGS Managing Partner Lewis Kahn, without obligation or cost
to you, toll free 1-866-467-1400, ext. 100, via cell phone after
hours at 504-301-7900, or by email at
lewis.kahn@kgscounsel.com.
KFN and certain of its officers and directors are charged with
including, or allowing the inclusion of, materially false and
misleading statements in the Registration Statement issued in
connection with the Company's Merger, in violation of the
Securities Act of 1933. In particular, the complaint charges KFN
with misrepresenting the risk related to the mortgage backed
securities held in its portfolio. From highs of over $25 per share
in May through mid-July 2007, shares of KFN currently trade at
approximately $10 per share.
If you wish to serve as lead plaintiff in this class action
lawsuit, you must move the Court no later than October 6, 2008. Any
member of the putative class may move the Court to serve as lead
plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent class member. If you would like to
discuss your legal rights, you may e-mail or call KGS Managing
Partner Lewis Kahn, without obligation or cost to you, toll free
1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900,
or by email at lewis.kahn@kgscounsel.com. To learn more about KGS,
you may visit www.kgscounsel.com. KGS is a law firm focused on
securities class action litigation with offices in New Orleans and
New York City.
KGS' lawyers have significant experience litigating complex
securities class actions. Among other cases, KGS has been appointed
Lead or Co-Lead Counsel in the following securities cases: In re:
U.S. Auto Parts Networks, Inc. Securities Litigation, C.D. Cal.; In
re Optionable, Inc. Securities Litigation, S.D.N.Y.; In re Xethanol
Corporation Securities Litigation, S.D.N.Y.; Pixelplus Co. Ltd.,
S.D.N.Y.; In re Witness Systems Inc. Securities Litigation, N.D.
Ga.; Whitney Information Network, M.D. Fla.; Bodisen Biotech, Inc.,
S.D.N.Y.; Pegasus Wireless Corp., S.D. Fla.; In re Xinhua Finance
Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm. Systems
Inc., N.D. Cal.; Gaming Partners, D. Nev.; and In re BigBand
Networks, Inc. Securities Litigation, N.D. Cal.
SPECIAL NOTICE: KGS encourages you to carefully evaluate any
firm you may consider to represent your interests in the KFN class
action. The Private Securities Litigation Reform Act ("PSLRA")
permits KFN shareholders to choose counsel of their choice to
prosecute this action. Critical components of a law firm's ability
to successfully prosecute this action and obtain a strong recovery
for you include the resources it will dedicate to prosecution of
the case, including the number of lawyers the firm has available
for the KFN action in particular, AND especially the quality of the
firm's work. Interested shareholders are encouraged to call for
consultation and to request more information about KGS. While KGS
has not filed suit yet, the firm is currently conducting its own
investigation of KFN and invites shareholders to evaluate its
complaint when choosing counsel.
Contact: Lewis Kahn Kahn Gauthier Swick, LLC 1-866-467-1400,
ext. 100 Lewis.kahn@kgscounsel.com
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