NEW ORLEANS, April 29, 2006 (PRIMEZONE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of TNS, Inc. (NYSE:TNS) who purchased, exchanged or otherwise acquired the common stock of TNS on or about September 16, 2005 pursuant to the Company's Secondary Offering have until June 5, 2006 in which to move for appointment as lead plaintiff in a securities fraud class action lawsuit currently pending in the United States District Court for the Eastern District of Virginia. No class has yet been certified in this action.
UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
The complaint charges TNS and certain of its officers and directors with violations of the Securities Act of 1933. The complaint alleges that, in connection with a Secondary Offering, TNS filed a Registration Statement in which defendants negligently failed to disclose several "material changes" to TNS' continuing operations which were required to be disclosed. As the result of TNS' subsequent report on October 20, 2005 that it had missed its top-line revenue guidance, shares of TNS common stock declined 25%. Moreover, on February 22, 2006, TNS reported declining financial results for the fourth quarter of 2005. TNS common stock declined 19% in response to this announcement.
If you acquired shares of TNS on or about September 16, 2005 and want to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Lewis Kahn of KGS toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at lewis.kahn@kglg.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca