NEW ORLEANS, Jan. 16, 2014 (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 March 17, 2014 to file lead plaintiff applications in a securities class action lawsuit against Gentium S.p.A. (Nasdaq:GENT), on behalf of holders of its American Depository Shares ("ADRs") as of December 19, 2013. This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased ADRs of Gentium 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) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 17, 2014.
About the Lawsuit
Gentium, members of its Board, Jazz Pharmaceuticals Public Limited Company, and one of its wholly owned subsidiaries (collectively, "Jazz") are charged with issuing materially false and misleading statements, breaches of fiduciary duty, and/or aiding and abetting breaches of fiduciary duty in connection with the proposed acquisition of Gentium by Jazz.
On December 19, 2013, Gentium and Jazz jointly announced that they had entered into a tender offer agreement by which Jazz will acquire Gentium for $57.00 per share in cash. On December 24, 2013, Gentium filed with the SEC a Schedule 14D 9 Solicitation/Recommendation Statement, which recommends that Gentium's shareholders tender their shares to Jazz, and allegedly omits and/or misrepresents material information regarding the unfair consideration offered and the actual intrinsic value of the Company, in violation of federal securities laws.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.