SOURCE: Kahn Swick & Foti, LLC

October 01, 2013 22:00 ET

BIOSCRIP 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 BioScrip Inc. - BIOS

NEW ORLEANS, LA--(Marketwired - Oct 1, 2013) - 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 29, 2013 to file lead plaintiff applications in a securities class action lawsuit against BioScrip Inc. (NASDAQ: BIOS), if they purchased the Company's securities during the period between August 8, 2011 and September 20, 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 BioScrip 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 (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 29, 2013.

About the Lawsuit

BioScrip and certain of its executives are charged with issuing a series of materially false and misleading statements about the Company's business, operations, and prospects during the Class Period, violating federal securities laws. 

On September 23, 2013, BioScrip disclosed that it received a civil investigative demand issued by the United States Attorney's Office for the Southern District of New York and a subpoena from the New York State Attorney General's Medicaid Fraud Control Unit, regarding the distribution of the Novartis Pharmaceuticals Corporation product Exjade by the Company's legacy specialty pharmacy division. On this news, the price of BioScrip's stock fell dramatically.

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.

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