NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into FTD Companies, Inc. (NasdaqGS: FTD).
On March 14, 2017, FTD Companies revealed that it had identified errors relating to “the assessment of cross-border indirect taxes.” FTD Companies further announced that, as a result of the errors, it will restate its previously-reported consolidated financial statements for the years ended December 31, 2014 and 2015 and for the quarters in the years ended December 31, 2015 and 2016.
On this news, the price of FTD Companies’ shares plummeted.
KSF’s investigation is focusing on whether FTD Companies and/or its officers and directors violated state or federal securities laws.
If you are a FTD Companies shareholder and have suffered losses, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
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.
