NEW YORK, May 6, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Missouri on behalf of investors who purchased Kansas City Southern ("KCS" or the "Company") (NYSE:KSU) common stock between October 18, 2013 and February 18, 2014.
For more information, click here: http://zlk.9nl.com/kansas-city-southern-ksu.
The complaint alleges that during the Class Period KCS issued materially false and misleading statements and/or failed to disclose material information regarding the Company's financial performance and future prospects.
On January 24, 2014, KCS issued a press release announcing disappointing fourth quarter and fiscal 2013 financial results. The Company also offered a disappointing earnings growth outlook for fiscal 2014, despite positive statements made by defendants throughout the Class Period. Then on February 18, 2014, it was announced that the lower house of the Mexican legislature had approved a new bill to increase rail competition in Mexico, by giving third-party companies access to KCS's exclusive freight and passenger rail networks, and giving the government control over tariffs.
If you suffered a loss in KCS you have until June 16, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/kansas-city-southern-ksu.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP