REALNETWORKS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors of Lead Plaintiff Deadline in Class Action Lawsuit Against RealNetworks, Inc. - RNWK

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 3, 2024 to file lead plaintiff applications in a securities class action lawsuit against RealNetworks, Inc. (NasdaqGS: RNWK), if they were an unaffiliated stockholder who held RealNetworks shares and were cashed out on December 21, 2022. This action is pending in the United States District Court for the Western District of Washington.

What You May Do

If you 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 855-768-1857 to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 3, 2024.

About the Lawsuit

The Complaint alleges that the Proxy Statement issued in connection with the acquisition of the Company by Greater Heights LLC, an affiliate of RealNetworks’ founder, Chairman and CEO, Robert D. Glaser, omits and/or misrepresents material information concerning, among other things: (a) the sales process for the Company; (b) management’s financial projections; and (c) the data and inputs underlying the financial valuation analyses that purport to support the fairness opinion provided by Houlihan Lokey

The case is Strougo v. RealNetworks, Inc., et al., No. 24-cv-00297.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.