NEW ORLEANS, Aug. 21, 2006 (PRIMEZONE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Home Solutions of America (Nasdaq:HSOA) who purchased the common stock of HSOA between April 11, 2006, and June 6, 2006, must move today if they seek appointment as lead plaintiff in a securities fraud class action lawsuit currently pending in the United States District Court for the Northern District of Texas.
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.
If you acquired shares of HSOA between April 11, 2006, and June 6, 2006, and want to discuss your legal rights, e-mail or call KGS now, without obligation or cost to you. Immediately 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. Tomorrow will be too late.
The complaint filed alleges that HSOA and certain officers and directors made materially false and misleading statements and omitted to reveal material facts about the Company during the class period. Particularly, on April 11, 2006, HSOA announced it had been awarded a contract valued at up to $20 million to provide infrastructure support for Hurricane Katrina rebuilding efforts. Yet, on June 6, 2006, the Company revealed that it had effectively contracted with itself and that it had an undisclosed interest in the entity that purported to grant it the contracts. On this news, HSOA stock lost 29.1% of its value, closing at $6.80 on trading volume of 26.2 million shares.
Contact today.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.