INVESTOR ALERT: Former Attorney General of Louisiana Charles C. Foti, Jr. and KSF Notify Sequenom, Inc. Investors of
* Reuters is not responsible for the content in this press release.
NEW ORLEANS, LA, May 27 (MARKET WIRE) --
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.
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
Copyright 2009, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters