SOURCE: Kahn Swick & Foti, LLC

May 22, 2013 22:00 ET

HOT TOPIC SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Large Holdings of Lead Plaintiff Deadline in Class Action Lawsuit Against Hot Topic, Inc. - HOTT

NEW ORLEANS, LA--(Marketwired - May 22, 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 July 16, 2013 to file lead plaintiff applications in a securities class action lawsuit against Hot Topic, Inc. (NASDAQ: HOTT), if they owned the Company's securities on March 7, 2013. This action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased shares of Hot Topic 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) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com) toll free at 1-877-515-1850. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 16, 2013.

About the Lawsuit

Hot Topic and certain of its senior executives are charged with issuing a series of materially false and misleading statements in violation of federal securities laws and breaching fiduciary duties owed to Hot Topic shareholders in connection with the proposed takeover of Hot Topic by Sycamore Partners Management, L.L.C. and its affiliates 212F Holdings LLC and HT Merger Sub Inc. ("Sycamore Partners"). 

These false statements and omissions included, in part, omissions and/or misstatements concerning the unfair consideration offered in the proposed takeover and the actual intrinsic value of Hot Topic. The breaches of fiduciary duties concern, in part, the flawed sales process that was designed to deliver Hot Topic to Sycamore Partners and provide material benefits to Hot Topic insiders.

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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