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 June 4, 2018 to file lead plaintiff applications in securities class action lawsuits against Longfin Corp. (NasdaqCM: LFIN). Investor losses must relate to purchases of the Company’s shares between December 13, 2017 and April 2, 2018. These actions are pending in the United States District Courts for the Southern and Eastern Districts of New York.
What You May Do
If you purchased shares of Longfin and would like to discuss your legal rights and how these cases 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 (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nasdaqcm-lfin/ to learn more. If you wish to serve as a lead plaintiff in these class actions 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 June 4, 2018.
About the Lawsuits
On April 2, 2018, post-market, Longfin filed its 2017 10K revealing that the Company was the subject of an SEC investigation, had a multitude of material weaknesses in its internal controls over financial reporting, and that it may not be able to continue as a going concern. On this news, Longfin’s share price fell $4.42, or 30.88%, to close at $9.89 on April 3, 2018.
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.