500.COM 96 HOUR DEADLINE ALERT: Approximately 96 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against 500.com Limited - WBAI


NEW ORLEANS, Apr. 24, 2015 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until April 28, 2015 to file lead plaintiff applications in a securities class action lawsuit against 500.com Limited (NYSE:WBAI). Investor losses must relate to purchases of the Company’s Ordinary Participation Certificates in the form of American Depositary Shares in and/or traceable to the Company’s initial public offering on or about November 22, 2013 or between November 22, 2013 through February 25, 2015. This action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased shares of 500.com 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 by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by April 28, 2015.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York, California, and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.


            

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