INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC,
Remind Investors With Large Financial Interests of Lead
Plaintiff Deadline in Class Action Lawsuit Against Affymax, Inc. -
NEW ORLEANS, LA -- (Marketwire) -- 02/28/13 -- Kahn Swick & Foti,
LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they have
until April 29, 2013 to file lead plaintiff applications in a
securities class action lawsuit against Affymax, Inc. (NASDAQ: AFFY),
if they purchased the Company's common stock during the period
between December 8, 2011 and February 22, 2013, inclusive (the "Class
Period"). This action is pending in the United States District Court
for the Northern District of California.
What You May Do
If you purchased shares of Affymax, Inc. 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, e-mail or call KSF Managing Partner, Lewis Kahn
(firstname.lastname@example.org), toll free, 877-515-1850, or via cell
phone any time at 504-301-7900. If you wish to serve as a lead
plaintiff in this class action, you must petition the Court by April
About the Lawsuit
Affymax and certain of its senior executives are charged with issuing
a series of materially false and misleading statements, during the
Class Period, in violation of federal securities laws. These false
statements and omissions included, in part, that: (i) Affymax was
suffering from deficient internal controls and procedures; (ii)
Affymax had filed to disclose its true financial and operational
condition; and (iii) it failed to disclose that its financial
statements were materially false and misleading.
On February 23, 2013, shares of Affymax declined 85%, over $14.00 per
share, following a report that the U.S. Food and Drug Administration
was requiring a total recall of the company's lead drug, due to
reports of "serious and life-threatening" allergic reactions.
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.
Kahn Swick & Foti, LLC
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447
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