NEW ORLEANS, Nov. 28, 2007 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS"), the law firm that has filed the first class action lawsuit against Virgin Mobile USA, Inc. ("VM USA" or the "Company") (NYSE:VM) on behalf of shareholders who purchased the common stock of VM USA in connection with the Company's IPO on or about October 11, 2007, or who purchased shares thereafter in the open market, urges investors who have lost more than $100,000 to inquire about applying for the lead plaintiff position in the case.
If you would like to discuss your legal rights and how this action may benefit you, you may contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at lewis.kahn@kgscounsel.com. For further information on KGS, please visit 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.
If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than January 22, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit http://www.kgscounsel.com. KGS focuses its practice on securities class action litigation, and has been appointed lead counsel in numerous federal securities class actions.
SPECIAL NOTICE: While federal law does not prohibit other lawyers from "announcing" this class action through the issuance of other press releases, KGS is the law firm that researched, investigated, drafted, and filed the original securities class action case against VM USA. If you are a VM USA shareholder who decides to contact one of these lawyers, KGS reminds you to fully interview any such lawyer to assure that he or she thoroughly understands the facts surrounding the substantive claims KGS has filed in Court. 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.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca/