Contact Information: Contact: Lewis Kahn Kahn Gauthier Swick, LLC 1-866-467-1400, ext. 100 Lewis.kahn@kgscounsel.com
INVESTOR ALERT: KGS Notifies KKR Financial Holdings, LLC Shareholders That They Have Until October 6, 2008 to File Lead Plaintiff Application in Securities Class Action Lawsuit -- KFN
| Source: Kahn Gauthier Swick, LLC
NEW ORLEANS, LA--(Marketwire - August 7, 2008) - Kahn Gauthier Swick, LLC ("KGS") reminds
shareholders that October 6, 2008 is the deadline to file lead plaintiff
applications in a securities class action pending in the United States
District Court for the Southern District of New York, on behalf of
shareholders who acquired the common stock of KKR Financial Holdings ("KFN"
or the "Company") (NYSE : KFN ) in connection with the Company's Registration
Statement and Prospectus (the "Registration Statement") issued pursuant to
its May 4, 2007 merger and share issuance ("Merger").
If you would like to discuss your legal rights, you may e-mail or call KGS
Managing Partner Lewis Kahn, without obligation or cost to you, toll free
1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by
email at lewis.kahn@kgscounsel.com.
KFN and certain of its officers and directors are charged with including,
or allowing the inclusion of, materially false and misleading statements in
the Registration Statement issued in connection with the Company's Merger,
in violation of the Securities Act of 1933. In particular, the complaint
charges KFN with misrepresenting the risk related to the mortgage backed
securities held in its portfolio. From highs of over $25 per share in May
through mid-July 2007, shares of KFN currently trade at approximately $10
per share.
If you wish to serve as lead plaintiff in this class action lawsuit, you
must move the Court no later than October 6, 2008. Any member of the
putative class may move the Court to serve as lead plaintiff through
counsel of their choice, or may choose to do nothing and remain an absent
class member. If you would like to discuss your legal rights, you may
e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost
to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone
504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more
about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on
securities class action litigation with offices in New Orleans and New York
City.
KGS' lawyers have significant experience litigating complex securities
class actions. Among other cases, KGS has been appointed Lead or Co-Lead
Counsel in the following securities cases: In re: U.S. Auto Parts Networks,
Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities
Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation,
S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc.
Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.;
Bodisen Biotech, Inc., S.D.N.Y.; Pegasus Wireless Corp., S.D. Fla.; In re
Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm.
Systems Inc., N.D. Cal.; Gaming Partners, D. Nev.; and In re BigBand
Networks, Inc. Securities Litigation, N.D. Cal.
SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may
consider to represent your interests in the KFN class action. The Private
Securities Litigation Reform Act ("PSLRA") permits KFN shareholders to
choose counsel of their choice to prosecute this action. Critical
components of a law firm's ability to successfully prosecute this action
and obtain a strong recovery for you include the resources it will dedicate
to prosecution of the case, including the number of lawyers the firm has
available for the KFN action in particular, AND especially the quality of
the firm's work. Interested shareholders are encouraged to call for
consultation and to request more information about KGS. While KGS has not
filed suit yet, the firm is currently conducting its own investigation of
KFN and invites shareholders to evaluate its complaint when choosing
counsel.