NEW ORLEANS, May 29, 2015 /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 July 13, 2015 to file lead plaintiff applications in a securities class action lawsuit against Etsy, Inc. (NasdaqGS: ETSY) if they purchased the Company's securities between April 16, 2015 and May 10, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of New York.
What You May Do
If you purchased shares of Etsy 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 July 13, 2015.
About the Lawsuit
Etsy and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
These false statements and omissions included, in part, that: (i) more than 5% of all merchandise for sale on Etsy's website were counterfeit or constituted trademark or copyright infringement; and (ii) brands are increasingly pursuing sellers on Etsy's platform for trademark or copyright infringement, jeopardizing the Company's listing fees and commissions.
After the lawsuit was filed, on May 19, 2015, Etsy reported its first quarter financial results, revealing that it suffered a net loss of 84 cents per share, when analysts had expected the Company to break even. On this news, the price of Etsy's shares plummeted.
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 email@example.com 1-877-515-1850 206 Covington St. Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC