NEW ORLEANS, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 21, 2014 to file lead plaintiff applications in a securities class action lawsuit against Angie's List, Inc. (Nasdaq:ANGI), if they purchased the Company's securities during the period between February 14, 2013 and October 23, 2013, inclusive (the "Class Period"). This action is pending in the Southern District of Indiana United States District Court.
What You May Do
If you purchased shares of Angie's List 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) or KSF Partner Melinda Nicholson (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 21, 2014.
About the Lawsuit
Angie's List and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
These false statements and omissions included, in part, that Angie's List: (i) had increased its reliance on providing free memberships in order to artificially boost its subscriber figures; (ii) was consistently deriving a majority of its revenues from the service provider side of its business, where it collected fees for listing paid service providers more prominently, contrary to its statements that it did not permit service providers to buy ratings on its website; and (iii) did not vet the service providers listed and recommended on its website, causing consumers to question the value of its recommendations.
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.
CONTACT: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner firstname.lastname@example.org Melinda Nicholson, Partner email@example.com 1-877-515-1850 206 Covington St. Madisonville, LA 70447Source:Kahn Swick & Foti, LLC