INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC,
Report Affymax Inc. Announces Possible Bankruptcy, Following Class Action
Lawsuits Filed. Affymax, Inc. - AFFY
NEW ORLEANS, March 18, 2013 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF")
and KSF partner, the former Attorney General of Louisiana, Charles C. Foti,
Jr., announces that after the market closed on March 18, 2013, Affymax Inc.
(Nasdaq:AFFY) reported that it may file for bankruptcy protection. Following
this report, shares of Affymax declined an additional 50% - - falling to an
all-time trading low of $1.24 per share.
KSF remind investors that they have until April 29, 2013 to file lead
plaintiff applications in a securities class action lawsuit against Affymax,
Inc., 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 (email@example.com), 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.
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, 877-515-1850
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447
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