HOT TOPIC SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Large Holding...
May 22 2013 - 10:00PM
Marketwired
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
July 16, 2013
to file lead plaintiff applications in a securities class action
lawsuit against Hot Topic, Inc. (NASDAQ: HOTT), if they owned the
Company's securities on March 7, 2013. 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 Hot Topic 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 Managing Partner Lewis Kahn
(lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson
(melinda.nicholson@ksfcounsel.com) 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 July 16, 2013.
About the Lawsuit
Hot Topic and certain of its senior executives are charged with
issuing a series of materially false and misleading statements in
violation of federal securities laws and breaching fiduciary duties
owed to Hot Topic shareholders in connection with the proposed
takeover of Hot Topic by Sycamore Partners Management, L.L.C. and
its affiliates 212F Holdings LLC and HT Merger Sub Inc. ("Sycamore
Partners").
These false statements and omissions included, in part,
omissions and/or misstatements concerning the unfair consideration
offered in the proposed takeover and the actual intrinsic value of
Hot Topic. The breaches of fiduciary duties concern, in part, the
flawed sales process that was designed to deliver Hot Topic to
Sycamore Partners and provide material benefits to Hot Topic
insiders.
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.
Contact: Kahn Swick & Foti, LLC Lewis Kahn Managing Partner
lewis.kahn@ksfcounsel.com Melinda Nicholson Partner
melinda.nicholson@ksfcounsel.com 1-877-515-1850 206 Covington St.
Madisonville, LA 70447
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