SOURCE: Kahn Swick & Foti, LLC

September 12, 2011 23:07 ET

56 Days Remain -- Kahn Swick & Foti, LLC and Partner, Former Louisiana Attorney General, Charles C. Foti, Jr., Remind Investors of Lead Plaintiff Deadline in Lawsuit Against Former and Current Executives of The Great Atlantic & Pacific Tea Company, Inc. (Other OTC: GAJTQ.PK & GAPTQ.PK)

NEW ORLEANS, LA--(Marketwire - Sep 12, 2011) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 8, 2011 to file lead plaintiff applications in a securities class action lawsuit against former and current executives of The Great Atlantic & Pacific Tea Company, Inc. ("A&P") (PINKSHEETS: GAJTQ) (PINKSHEETS: GAPTQ). The lawsuit was filed in the United States District Court for the District of New Jersey on behalf of purchasers of the securities of A&P during the period between July 23, 2009 and December 10, 2010, inclusive (the "Class Period").

What You May Do

If you are an A&P 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 (, toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (, toll free at 877-694-9510, or after hours via cell phone 330-860-4092. 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 November 8, 2011.

About the Lawsuit

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934.

On July 23, 2010, A&P issued a press release announcing its fiscal 2010 first quarter results and that the Company had launched a "turnaround," designed to strengthen A&P's operating and financial foundation. On August 13, 2010, A&P announced the closing of certain stores as part of the Company's operational and revenue-driven turnaround initiative, the purported Turnaround Strategy, designed to generate sustained profitability and cash flow, drive sales growth, restore competitive margins to the business and strengthen the foundation of the Company for the long term. Then on December 10, 2010, A&P shocked investors after revealing, for the first time, that the Company was performing so far below expectations and the purported Turnaround Strategy was failing so miserably that the Company would likely be forced to file for bankruptcy protection. In response to this announcement, the price of A&P securities declined precipitously.

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

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    or after hours via cell phone 504-301-7900
    206 Covington St.
    Madisonville, LA 70447