NEW ORLEANS, Feb. 14, 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 April 14, 2014 to file lead plaintiff applications in a securities class action lawsuit against Coty, Inc. (NYSE:COTY), if they purchased the Company's common stock in or traceable to the Company's June 12, 2013 initial public offering ("IPO"). 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 Coty 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 (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by April 14, 2014.
About the Lawsuit
Coty and certain of its executives are charged with issuing a series of materially false and misleading statements and omissions in its Registration Statement and Prospectus filed with the SEC for the Company's IPO, violating federal securities laws.
Since the IPO, the price of Coty's common stock has dropped by over 15%—from the offering price of $17.50 on June 12, 2013 to $14.74 on February 14, 2014.
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.