SOURCE: Kahn Swick & Foti, LLC

August 25, 2010 18:54 ET

Kahn Swick & Foti, LLC and Former Louisiana Attorney General Have Filed the Only Securities Fraud Class Action Against American Public Education, Inc.; Urges All Shareholders to Inquire About Lead Plaintiff Position -- APEI

NEW ORLEANS, LA--(Marketwire - August 25, 2010) -  Former Louisiana Attorney General Charles C. Foti, Jr.'s law firm Kahn Swick & Foti, LLC ("KSF") has filed the only securities class action lawsuit against American Public Education, Inc. ("APEI" or the "Company") (NASDAQ: APEI) in the United States District Court for the Northern District of West Virginia, on behalf of purchasers of the common stock of the Company between February 22, 2010 and August 5, 2010, inclusive (the "Class Period"). No class has yet been certified in this action.

KSF urges investors to be wary of "signing up" for KSF's class action lawsuit with other law firms that have issued press releases subsequent to the filing of KSF's lawsuit. While investors may select counsel of their choice if they decide to apply for "lead plaintiff," there is no need to sign up with a law firm if you choose to remain an absent class member. Some law firms assert that you can "join" KSF's class action by submitting your personal information on their websites. This is untrue. If you purchased shares of APEI common stock during the period mentioned above, you are automatically part of the class action and you are not required to sign up with a law firm.

If you are an APEI shareholder and would like to discuss your legal rights and how this case might affect you, along with the lead plaintiff position and its related responsibilities including overseeing lead counsel with the goal of obtaining a fair and just resolution, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free 1-866-467-1400, ext. 200, after hours via cell phone 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or via cell phone 330-860-4092. KSF attorneys have significant experience in representing both institutional and individual shareholders in securities fraud litigation nationwide. KSF encourages both institutional and individual purchasers of APEI to contact the firm to discuss the lawsuit and how it might affect you.

If you wish to serve as lead plaintiff in this class action lawsuit, you must request this position by application to the court no later than October 12, 2010. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. To learn more about KSF, you may visit www.ksfcounsel.com. KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions and have recovered tens of millions of dollars over the past two years for aggrieved investors.

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn, Esq.
    206 Covington St.
    Madisonville, LA 70447
    866-467-1400, ext. 200 or 504-301-7900 (cell)
    lewis.kahn@ksfcounsel.com