NEW ORLEANS, April 15, 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 June 16, 2014 to file lead plaintiff applications in a securities class action lawsuit against Kansas City Southern (NYSE:KSU), if they purchased the Company's securities during the period between October 18, 2013 and February 18, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Missouri.
What You May Do
If you purchased shares of Kansas City 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 June 16, 2014.
About the Lawsuit
Kansas City and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
These false statements and omissions included, in part, that: (i) the Company's utility coal volumes and crude oil shipments were declining below forecasted levels during its 2013 fourth quarter; (ii) construction of the Company's new Port Arthur crude oil terminal was delayed; (iii) the Company's Chemical & Petroleum shipments to Mexico had declined during the fourth quarter of 2013; and (iv) Mexican government officials were clamoring to take back or control the monopoly pricing power the Company had through an agreement giving it and another company exclusive use of tracks in Mexico.
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.