FIFTH STREET SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Fifth Street Finance Corp. – FSC


NEW ORLEANS, Oct. 02, 2015 (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 30, 2015 to file lead plaintiff applications in a securities class action lawsuit against Fifth Street Finance Corp. (Nasdaq:FSC) if they purchased the Company’s Securities between July 7, 2014 and February 6, 2015, inclusive (the “Class Period”).  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 Fifth Street 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 30, 2015.

About the Lawsuit

Fifth Street and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

These false statements and omissions included, in part, that Fifth Street (1) was pushed into increasingly risky investments at unsustainable leverage levels; (2) delayed the write down of impaired investments to create the appearance of increasing revenues for Fifth Street Asset Management, which managed Fifth Street; and (3) systematically overstated the income generated by Fifth Street’s investments and the fair value of its portfolio.

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, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

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


            

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