NEW ORLEANS, April 22, 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 May 9, 2016 to file lead plaintiff applications in a securities class action lawsuit against comScore, Inc. (NasdaqGS: SCOR), if they purchased the Company's securities between May 5, 2015 and March 7, 2016, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of comScore 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 (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 9, 2016.
About the Lawsuit
comScore and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 7, 2016, comScore disclosed that, on February 19, 2016, the Audit Committee "received a message regarding certain potential accounting matters," which were being investigated. As a result, comScore has been unable to finalize its financial statements pending completion of the review, and therefore has to delay filing its Form 10-K for fiscal year 2015 until after the Audit Committee completes its review. The Company has also suspended its share buyback and has moved back its investor day indefinitely.
On this news, the price of comScore's shares plummeted by over 33%.
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.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC