NEW ORLEANS, Dec. 16, 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 January 17, 2017 to file lead plaintiff applications in a securities class action lawsuit against Treehouse Foods, Inc. (NYSE: THS), if they purchased the Company's securities between February 1, 2016, and November 2, 2016, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
What You May Do
If you purchased securities of Treehouse 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 January 17, 2017.
About the Lawsuit
Treehouse and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 3, 2016, Treehouse lowered its full-year adjusted earnings per share forecast due to underperformance of the Private Brands acquisition and over softness in the private label manufacturing business. Treehouse also disclosed the closure of a plant and reported job cuts at one of its facilities. Treehouse further announced the resignation of its President, Chris Sliva, who had been President for less than six months, and the appointment of a new Chief Financial Officer.
On this news, the price of Treehouse's shares plummeted.
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