NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 23, 2012 to file lead plaintiff applications in a securities class action lawsuit against SAIC, Inc. (“SAIC”) (NYSE:SAI) common stock during the period between April 11, 2007 and September 1, 2011 (the “Class Period”).
What You May Do
If you purchased shares of SAIC, Inc. 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, e-mail or call KSF Managing Partner, Lewis Kahn (email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (firstname.lastname@example.org), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. 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 23, 2012.
About the Lawsuit
SAIC, Inc. and certain of its senior executives are charged with issuing materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On August 31, 2011, after the close of normal trading, shares of SAIC declined substantially after the Company revealed that it was “probable” that SAIC would have to make restitution to New York City for wrongful conduct that occurred in connection with its CityTime project. While the Company refused to quantify the exact amount, it stated that a loss related to the CityTime project was expected to be significant.
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.