VOXX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess o...
09 July 2014 - 12:00PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
September 8, 2014
to file lead plaintiff applications in a securities class action
lawsuit against VOXX International Corporation (Nasdaq:VOXX), if
they purchased the Company's securities during the period between
May 15, 2013 and May 14, 2014, inclusive (the "Class Period"). This
action is pending in the United States District Court for the
Eastern District of New York.
What You May Do
If you purchased shares of VOXX 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 September 8, 2014.
About the Lawsuit
VOXX and certain of its executives are charged with issuing a
series of materially false and misleading statements during the
Class Period, violating federal securities laws.
These false statements and omissions included, in part, that
VOXX: (i) was experiencing declining headphone sales in its
Premium Audio segment; (ii) was experiencing a greater than
expected sales decline in its Consumer Accessories segment; and
(iii) failed to timely record losses for various acquisitions,
trademarks of various brands, and its Technuity business, thereby
materially overstating its financial condition and misstating its
financial results and financial statements.
On May 14, 2014, VOXX announced financial results for the
fourth-quarter and year-end 2014 below the Company's previous
guidance. On this news, VOXX's share price plummeted by
25%.
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.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
Melinda Nicholson, Partner
melinda.nicholson@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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