NEW ORLEANS, Nov. 28, 2007 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Leap Wireless International, Inc. ("Leap" or the "Company") (Nasdaq:LEAP) who purchased securities of the Company between May 16, 2004 and November 9, 2007, have until January 28, 2008 to move for appointment as lead plaintiff in a securities fraud class action lawsuit currently pending in the United States District Court for the Southern District of California. No class has yet been certified in this action.
UNTIL A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
If you purchased securities of Leap, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900 after hours, or email to lewis.kahn@kgscounsel.com to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit http://www.kgscounsel.com.
A lead plaintiff serves as the representative party for all shareholders by overseeing and communicating with the lawyers for the class. A lead plaintiff has the ability to make a significant contribution to the successful resolution of a securities class action.
SPECIAL NOTICE: Courts will generally appoint only one law firm to prosecute a securities class action on behalf of the shareholders based upon the amount of losses its "lead plaintiffs" have suffered. Accordingly, while KGS urges you to sign up with the firm, KGS also encourages you to carefully evaluate any other firm you may consider to represent your interests in the Leap class action, should you be considering another firm. Factors bearing on a law firm's ability to successfully prosecute this action and obtain a recovery for you include its lawyers' knowledge of applicable federal securities laws, the resources it will dedicate to prosecution of the case (including the number of lawyers the firm has available to prosecute this action) and the quality of the firm's work.