NEW ORLEANS, June 13, 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 August 11, 2014 to file lead plaintiff applications in a securities class action lawsuit against Annie's, Inc. (NYSE:BNNY), if they purchased the Company's securities during the period between August 8, 2013 and June 3, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased shares of Annie's 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 August 11, 2014.
About the Lawsuit
Annie's 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.
On June 2, 2014, Annie's disclosed that it "identified a material weakness in its internal control over financial reporting" related "to an insufficient complement of finance and accounting resources, including employee turnover, within the organization resulting in design deficiencies in certain areas in which our controls were not precise enough to detect misstatements that in the aggregate could be material to the consolidated financial statement." Annie's further disclosed that it was unable to file its 2014 Annual Report. Then, on June 3, 2014, Annie's disclosed that its independent accounting firm, PricewaterhouseCoopers LLP, is resigning, effective August 11, 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.