SOURCE: Kahn Swick & Foti, LLC

August 26, 2011 18:45 ET

24 Days Left -- Kahn Swick & Foti, LLC and Partner, Former Louisiana Attorney General, Charles C. Foti, Jr., Remind Investors of Lead Plaintiff Deadline in Lawsuit Against News Corporation (Nasdaq: NWS, NWSA)

NEW ORLEANS, LA--(Marketwire - Aug 26, 2011) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until September 19, 2011 to file lead plaintiff applications in a securities class action lawsuit against News Corporation ("News Corp." or the "Company") (NASDAQ: NWS) (NASDAQ: NWSA). The lawsuit was filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of News Corp. during the period between March 3, 2011 and July 11, 2011, inclusive (the "Class Period").

What You May Do

If you are a News Corp. shareholder 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 (lewis.kahn@ksfcounsel.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 by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 19, 2011.

About the Lawsuit

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 emanating from the issuance of materially false and misleading statements and omissions regarding the Company's business practice of hacking into the cell phone messages of more than 4,000 people for years at News of the World run by News International, the Company's 100% wholly owned British subsidiary. News Corp. shares fell from over $18 per share in early July as news of the hacking leaked out, to below $14 per share in August 2011. Additionally, News Corp.'s proposal to purchase British Sky Broadcasting Group plc was withdrawn following the allegations.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com.

Contact Information

  • Contact:
    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    877-515-1850
    or after hours via cell phone 504-301-7900
    lewis.kahn@ksfcounsel.com
    206 Covington St.
    Madisonville, LA 70447