SOURCE: Kahn Swick & Foti, LLC

April 03, 2012 23:06 ET

INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC, Remind Investors With Large Financial Interests of Lead Plaintiff Deadline in Class Action Lawsuit Against Dynegy Inc. - DYN

NEW ORLEANS, LA--(Marketwire - Apr 3, 2012) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 29, 2012 to file lead plaintiff applications in a securities class action lawsuit against Dynegy Inc. ("Dynegy" or the "Company") (NYSE: DYN), if they purchased the Company's stock between September 2, 2011 and March 9, 2012 inclusive (the "Class Period"). The action is pending in the Southern District of New York.

What You May Do

If you purchased shares of Dynegy 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 request this position by application to Court by May 29, 2012.

About the Lawsuit

Dynegy 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 March 9, 2012, shares of the Company declined almost 35%, after a bankruptcy-court examiner accused Dynegy of improperly acquiring direct ownership of an indirectly owned subsidiary through a fraudulent transfer. According to a report by The Wall Street Journal, the Company's asset reshuffling was specifically designed to benefit billionaire Carl Icahn, at the expense of Dynegy's creditors.

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