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 July 5, 2016 to file lead plaintiff applications in a securities class action lawsuit against Intrexon Corporation (NYSE: XON), if they purchased the Company’s securities between May 12, 2015 and April 20, 2016, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased shares of Intrexon 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 July 5, 2016.
About the Lawsuit
Intrexon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 21, 2016, Spotlight Research released a report stating that Intrexon’s revenues were overstated by 50% through transactions with related parties and that Intrexon’s technology program is just overhyped failed products that is being questioned by the World Health Organization, the Centers for Disease Control and Prevention, and the National Institutes of Health.
On this news, the price of Intrexon’s shares plummeted by 26%.
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.