NEW ORLEANS, Oct. 5, 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 November 17, 2014 to file lead plaintiff applications in a securities class action lawsuit against Lumber Liquidators Holdings, Inc. (NYSE:LL), if they purchased the Company's securities between November 25, 2013 and July 9, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia.
What You May Do
If you purchased shares of Lumber Liquidators 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). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 17, 2014.
About the Lawsuit
Lumber Liquidators 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 July 9, 2014, the Company announced poor financial results, which it attributed to lower than planned inventory levels stemming from production delays as Lumber Liquidators enhanced its quality assurance requirements. Lumber Liquidators also revealed that heavy discounting during the Class Period caused margins to contract in the second quarter compared to the same quarter in 2013.
On this news, the price of Lumber Liquidators' shares plummeted by over 21%.
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.