NEW ORLEANS--()--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 11, 2012, to file lead plaintiff applications in a securities class action lawsuit against ModusLink Global Solutions, Inc. (Nasdaq: MLNK), if they purchased the Company’s common stock during the period between September 26, 2007 through June 8, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Massachusetts.
What You May Do
If you purchased shares of ModusLink 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 (firstname.lastname@example.org), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (email@example.com), 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, you must petition the Court by August 11, 2012.
About the Lawsuit
ModusLink and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On June 11, 2012, ModusLink's stock fell 34.74%, to close at $2.78, following the Company’s announcement that it would restate five years of financial results. ModusLink also revealed that its CEO, Joseph C. Lawler, would immediately resign, after a committee of the Company’s board of directors discovered material accounting errors.
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.