SOURCE: Kahn Swick & Foti, LLC

April 06, 2012 19:41 ET

INVESTOR ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Large Financial Interests of Important Deadline in Lawsuit Against Powerwave Technologies, Inc. - [PWAV]

NEW ORLEANS, LA--(Marketwire - Apr 6, 2012) - 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 April 9, 2012, to file lead plaintiff applications in a securities class action lawsuit against Powerwave Technologies, Inc. ("Powerwave" or the "Company") (NASDAQ: PWAV), if they purchased the Company's common stock during the period between February 1, 2011 and October 18, 2011, inclusive (the "Class Period"). The action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased shares of Powerwave 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, or KSF Director of Client Relations, Neil Rothstein, Esq. (neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action, you must make an application to Court by April 9, 2012.

About the Lawsuit

Powerwave and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.

On October 18, 2011, Powerwave reported results that were well below estimates previously sponsored and/or endorsed by the Company, and revealed that it was performing poorly and running through its available funds at an expedited rate. In response to these announcements, the following day, shares of the Company collapsed -- falling over 42%, on extremely heavy trading volume.

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.

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