SOURCE: Izard Nobel LLP

June 12, 2009 14:01 ET

Izard Nobel LLP Announces Class Action Lawsuit Against Kenexa Corp.

WEST HARTFORD, CT--(Marketwire - June 12, 2009) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of those who purchased the common stock of Kenexa Corp. ("Kenexa" or the "Company") (NASDAQ: KNXA) between May 8, 2007 and November 7, 2007, inclusive (the "Class Period").

The Complaint charges that Kenexa and certain of its officers and directors violated federal securities laws. Specifically, the Complaint alleges that defendants failed to disclose the following adverse facts: (i) that sales cycles for the Company's Employment Process Outsourcing ("EPO") and assessments lines of business were lengthening, causing sales to be pushed out and revenue growth to slow; (ii) that Kenexa was experiencing problems with its international sales and would need to revamp that sales force; (iii) that the Company was experiencing problems with a significant EPO client such that the client was requesting to be released from its contract with the Company; and (iv) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its earnings, operations and prospects.

If you are a member of the class, you may, no later than August 10, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit:, or contact Izard Nobel LLP toll-free at (800) 797-5499, or by e-mail: For more information about class action cases in general, please visit our website:

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