NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until July 20, 2018 to file lead plaintiff applications in a securities class action lawsuit against ADT, Inc. (NYSE: ADT). Investor losses must relate to purchases of the Company’s shares pursuant to its January 2018 initial public offering (the “IPO”). This action is pending in the United States District Court for the Southern District of Florida.
What You May Do
If you purchased shares of ADT 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, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-adt/ to learn more. 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 July 20, 2018.
About the Lawsuit
On March 15, 2018, ADT disclosed disappointing 4Q2017 and FY 2017 financial results, specifically “net income of $638 million, up from negative $85 million last year, and diluted earnings per share of $0.99 versus $(0.13) in the prior year” (however, net income included a $690M government tax benefit), and “[e]xcluding special items” diluted EPS of $(0.06) versus $(0.07) from the same period last year, much lower than analysts’ estimates.
On this news, the price of ADT’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include 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.
