NEW ORLEANS, Feb. 11, 2008 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS"), the law firm that filed the first class action lawsuit against ShoreTel, Inc. ("ShoreTel" or the "Company") (Nasdaq:SHOR) seeking a recovery for investors, reminds shareholders of the March 17, 2008 deadline to file lead plaintiff applications. KGS's lawsuit is pending in the United States District Court for the Northern District of California, on behalf of shareholders who purchased the common stock of ShoreTel in connection with the Company's IPO on or about July 3, 2007, or who purchased shares thereafter in the open market. No class has yet been certified in this action.
UNLESS A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
If you purchased shares of ShoreTel in connection with the IPO or if you purchased shares thereafter in the open market, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at lewis.kahn@kgscounsel.com to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit www.kgscounsel.com.
ShoreTel, certain of its officers and directors, and the Company's underwriters are charged with including, or allowing the inclusion of, materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, in violation of the Securities Act of 1933.
If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than March 17, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit http://www.kgscounsel.com. KGS focuses its practice on securities class action litigation, and has been appointed lead counsel in numerous federal securities class actions.
SPECIAL NOTICE: While federal law does not prohibit other lawyers from "announcing" this class action through the issuance of other press releases, KGS is the law firm that researched, investigated, drafted, and filed the securities class action case against ShoreTel. If you are a ShoreTel shareholder who decides to contact one of these lawyers, KGS reminds you to fully interview any such lawyer to assure that he or she understands the facts surrounding the substantive claims KGS has filed in Court. Factors bearing on a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include its lawyers' knowledge of applicable federal securities laws, the resources it will dedicate to prosecution of the case (including the number of lawyers the firm has available for the ShoreTel class action), AND especially the quality of the firm's work.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primenewswire.com/ca