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 February 27, 2015 to file lead plaintiff applications in a securities class action lawsuit against RCS Capital Corporation (NYSE: RCAP) if they purchased the Company’s securities between February 12, 2014 and October 31, 2014, 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 RCS Capital 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 (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 27, 2015.
About the Lawsuit
RCS Capital 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: (i) American Realty Capital Properties, Inc.’s financial statements were materially false and misleading as a result of a massive accounting scandal perpetrated and concealed by American Realty’s senior management, including RCS Capital’s former Chairman Nicholas Schorsch; (ii) RCS Capital’s proposed acquisition of Cole Capital from American Realty was at serious risk due to the fraud; (iii) RCS Capital’s revenue stream from its relationship with American Realty was in jeopardy as a result of the accounting scandal; and (iv) RCS Capital’s statements concerning its financial position and the Cole Capital acquisition were materially false and misleading at all relevant times.
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.