LIGHTINTHEBOX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn
Swick & Foti, LLC Reminds Investors With Losses in Excess of
$150,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against
LightInTheBox Holding Co., Ltd. - LITB
NEW ORLEANS, LA -- (Marketwired) -- 08/28/13 -- Kahn Swick & Foti,
LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they have
until October 28, 2013 to file lead plaintiff applications in a
securities class action lawsuit against LightInTheBox Holding Co.,
Ltd. (NYSE: LITB), if they purchased the Company's securities in or
traceable to LightInTheBox's initial public offering ("IPO") on June
6, 2013 to August 19, 2013 (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 LightInTheBox 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 (email@example.com) or KSF Partner Melinda
Nicholson (firstname.lastname@example.org). If you wish to serve as
a lead plaintiff in this class action, you must petition the Court by
October 28, 2013.
About the Lawsuit
LightInTheBox 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: (i)
LightInTheBox's sales growth had dramatically decreased during the
second quarter of 2013; (ii) LightInTheBox's costs had grown more
than its sales during the second quarter of 2013; and (iii) the
Company was not on track to achieve the financial results defendants
had led the market to expect during the Class Period.
On August 19, 2013, the Company announced its second quarter 2013
financial results, which were significantly below expectations,
causing the Company's shares to fall by almost 40%.
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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