IEC ELECTRONICS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn
Swick & Foti, LLC Reminds Investors With Losses in
Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit
Against IEC Electronics Corp. - IEC
NEW ORLEANS, LA -- (Marketwired) -- 07/01/13 -- Kahn Swick & Foti,
LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they have
until August 27, 2013 to file lead plaintiff applications in a
securities class action lawsuit against IEC Electronics Corp. (NYSE:
IEC), if they purchased the Company's securities during the period
between February 8, 2012 and May 21, 2013, inclusive (the "Class
Period"). This action is pending in the United States District Court
for the Southern District of New York.
What You May Do
If you purchased shares of IEC Electronics 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 (firstname.lastname@example.org) or KSF Partner Melinda
Nicholson (email@example.com). If you wish to serve as
a lead plaintiff in this class action, you must petition the Court by
August 27, 2013.
About the Lawsuit
IEC Electronics and certain of its 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: (a) the
Company was improperly accounting for work-in-process inventory for
one of its subsidiaries; (b) as a result, the Company's gross profit
was overstated during the Class Period; (c) as such, the Company's
financial results were not prepared in accordance with Generally
Accepted Accounting Principles ("GAAP"); (d) the Company lacked
adequate internal and financial controls; and (e), as a result of the
foregoing, the Company's financial statements were materially false
and misleading at all relevant times.
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
206 Covington St.
Madisonville, LA 70447
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