Contact Information: Contact: Lewis Kahn Kahn Swick & Foti, LLC 650 Poydras St., Suite 2150 New Orleans, LA 70130 1-866-467-1400, ext. 100 Lewis.kahn@ksfcounsel.com
INVESTOR ALERT: Former Attorney General of Louisiana Charles C. Foti, Jr. and KSF Notify Sequenom, Inc. Investors of Lead Plaintiff Application Deadline in Securities Fraud Class Action Lawsuit -- SQNM
| Source: Kahn Swick & Foti, LLC
NEW ORLEANS, LA--(Marketwire - May 27, 2009) - Kahn Swick & Foti, LLC ("KSF") announces
that investors have only until June 30, 2009 to apply for lead plaintiff in
a securities fraud class action lawsuit filed in the United States District
Court for the Southern District of California, on behalf of purchasers of
the common stock of Sequenom, Inc. ("Sequenom" or the "Company") (NASDAQ : SQNM ) between June 4, 2008 and April 29, 2009, inclusive (the "Class
Period"). No class has yet been certified in this action.
If you would like to discuss your legal rights, along with the lead
plaintiff position and its related responsibilities including overseeing
lead counsel with a goal of obtaining a fair settlement, you may e-mail or
call KSF 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@ksfcounsel.com.
Sequenom and certain of its officers and directors are charged with
violating the Securities Exchange Act of 1934 by issuing a series of
materially false and misleading statements during the Class Period. On
April 29, 2009, the Company revealed significant problems related to its
Down syndrome test "SeQureDx," including the mishandling of test data and
associated results, which would cause it to be unable to bring SeQureDx to
the market timely. As a result of this news, Sequenom's shares fell by over
$11, a one day decline of over 75%, on high volume of over 85 million
shares.
If you wish to serve as lead plaintiff in this class action lawsuit, you
must move the Court no later June 30, 2009. 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 KSF 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@ksfcounsel.com. To learn more about
KSF or former Attorney General of Louisiana Charles C. Foti, Jr., you may
visit www.ksfcounsel.com. KSF is a law firm focused on securities class
action litigation with offices in New Orleans and New York City.
KSF's lawyers have significant experience litigating complex securities
class actions. Among other cases, KSF 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.; In re Superior Offshore International, Inc. Securities
Litigation, S.D. Tex.; Terayon Comm. Systems Inc., N.D. Cal.; and In re
BigBand Networks, Inc. Securities Litigation, N.D. Cal.
SPECIAL NOTICE: KSF encourages you to carefully evaluate any firm you may
consider to represent your interests in the Sequenom class action. The
Private Securities Litigation Reform Act ("PSLRA") permits Company
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 Insight action in particular, AND especially the
quality of the firm's work. While KSF has not filed suit yet, the firm is
currently conducting its own investigation of Sequenom and interested
shareholders are encouraged to call for consultation.