NEW ORLEANS, Nov. 10, 2017 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 24, 2017 to file lead plaintiff applications in a securities class action lawsuit against Tech Data Corporation (Nasdaq:TECD), if they purchased the Company’s shares between June 1, 2017 and August 31, 2017, inclusive (the “Class Period”). This action is pending in the United States District Court for the Middle District of Florida.
What You May Do
If you purchased shares of Tech Data 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 http://ksfcounsel.com/cases/nasdaqgs-tecd/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 24, 2017.
About the Lawsuit
Tech Data and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 31, 2017, the Company held its Fiscal Year 2018 Second Quarter Earnings Conference Call, during which CEO Robert Dutkowsky revealed that operational issues and “execution challenges” had resulted in “weaknesses [that] impacted our performance in the quarter… in a way that was much larger than we anticipated.”
On this news, the price of Tech Data’s shares plummeted $22.83 per share on August 31, 2017.
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:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447