NEW ORLEANS, May 22, 2014 (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 July 21, 2014 to file lead plaintiff applications in a securities class action lawsuit against Dell, Inc. (Nasdaq: DELL), if they purchased the Company's securities during the period between February 22, 2012 and May 22, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Dell 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 July 21, 2014.
About the Lawsuit
Dell 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.
On May 22, 2012, Dell disclosed that its revenues for first quarter of 2013 were $14.4 billion, approximately one-half billion dollars less than Dell's guidance and Wall Street estimates. Dell also disclosed that it was projecting revenues of just $14.7 to $15 billion for its second quarter of 2013, when securities analysts, based on defendants' Class Period statements, had been projecting revenues of $15.4 billion. In response to these revelations, the price of Dell stock plummeted by more than 17%, its largest single-day decline in over 11 years.
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