Kahn Swick & Foti, LLC Continues Investigation of Diamond Foods, Inc. Following Announcement of Audit Committee Findings
February 09 2012 - 5:24PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., report that
Diamond Foods (Nasdaq: DMND) stock has fallen an additional 36% - a
decline of over $13.00 per share, to $23.47 - following an
announcement by the Company that its Audit Committee determined
Diamond Foods improperly accounted for payments to walnut growers
and after the Company released its Chief Executive Officer and
Chief Financial Officer.
If you are a long-term shareholder who purchased Diamond Foods
shares during 2010 or prior thereto, and if you 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), toll free, 877-515-1850, or
via cell phone any time at 504-301-7900. KSF also encourages anyone
with information regarding Diamond’s conduct during the period in
question to contact the firm, including whistleblowers, former
employees, shareholders and others.
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
class action and shareholder derivative litigation with offices in
New York and Louisiana. KSF's lawyers have significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
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