NEW ORLEANS, Oct. 5, 2012 /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 26, 2012, to file lead plaintiff applications in a securities class action lawsuit against Questcor Pharmaceuticals, Inc. (Nasdaq GS: QCOR - News), if they purchased the Company's, securities during the period between April 26, 2011 and September 21, 2012, 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 Questcor 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 (firstname.lastname@example.org), toll free, 877-515-1850, or via cell phone any time at 504-301-7900. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 26, 2012.
About the Lawsuit
Questcor and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On September 24, 2012, shares of Questcor declined almost 37%, to close at $19.08 per share, on exceptionally high volume of over 31 million shares. This decline followed the filing by the Company of a Form 8-K with the United States Securities and Exchange Commission, that revealed the federal government had initiated an investigation into the Company's promotional sales practices.
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.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC