NEW ORLEANS, Dec. 11, 2015 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 8, 2016 to file lead plaintiff applications in a securities class action lawsuit against Dole Food Company if they purchased the Company’s securities between January 2, 2013 to October 31, 2013, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Delaware.
What You May Do
If you purchased shares of Dole 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 ( lewis.kahn@ksfcounsel.com ). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 8, 2016 .
About the Lawsuit
Dole and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The Complaint alleges that, during the Class Period, defendants conducted a fraudulent scheme to acquire the publicly held shares of Dole and convert the Company to a privately-held enterprise owned by David H. Murdock (“Murdock”), Dole’s Chairman of the Board and CEO. In furtherance of this scheme, defendants made a series of materially false and misleading negative statements about Dole’s operations and finances, and omitted to disclose material information, with the intention of deceiving the public and artificially lowering the price of Dole’s stock, allowing Murdock to purchase Dole at an artificially depressed price.
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 .
CONTACT: Contact: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com 1-877-515-1850 206 Covington St. Madisonville, LA 70447