NEW ORLEANS, July 5, 2007 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Sourcefire, Inc. ("Sourcefire" or the "Company") (Nasdaq:FIRE) who purchased shares of the Company in connection with its Initial Public Offering ("IPO") on or about March 9, 2007, or thereafter in the open market, have only 8 days, or until July 13, 2007, to move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the District of Maryland.
IF YOU PURCHASED SHARES OF SOURCEFIRE AND LOST MONEY ON YOUR TRANSACTIONS, KGS LAWYERS ARE AVAILABLE NOW TO DISCUSS YOUR LEGAL RIGHTS. YOU MAY IMMEDIATELY REACH LEWIS KAHN, KGS MANAGING PARTNER, VIA CELL 504.301.7900 OR VIA EMAIL LEWIS.KAHN@KGSCOUNSEL.COM.
Sourcefire and certain officers and directors are charged with including false and misleading statements in the Registration Statement and Proxy-Prospectus issued in connection with the IPO in direct violation of the Securities Act of 1933. Specifically, defendants each failed to reveal, at that time of the IPO, that Sourcefire's federal government business had materially slowed due to lower federal government spending, negatively impacting its financial results.
For further information on KGS, please visit www.kgscounsel.com.
SPECIAL NOTICE: Because Courts generally appoint only one firm to prosecute a securities fraud action on behalf of the "lead plaintiffs," who serve to guide the litigation on behalf of the shareholders, it is critically important that interested parties carefully evaluate any other firm that may be competing with KGS to prosecute the Sourcefire class action. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include its knowledge of applicable federal securities laws, the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the Sourcefire class action, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca/