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 23, 2016 to file lead plaintiff applications in a securities class action lawsuit against LPL Financial Holdings Inc. (NasdaqGS: LPLA), if they purchased the Company's securities between December 8, 2015 and February 11, 2016, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of California.
What You May Do
If you purchased shares of LPLA 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 (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 23, 2016.
About the Lawsuit
LPLA and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false statements and omissions include, but are not limited to, that: (i) LPLA's earnings and revenue were substantially declining; (ii) its client assets were deteriorating and would decline by billions of dollars; (iii) its gross profits were declining significantly; and (iv) LPLA would experience its worst sequential gross profit decline in four years.
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