SOURCE: Kahn Swick & Foti, LLC

August 03, 2011 12:38 ET

Kahn Swick & Foti, LLC and Partner Former Louisiana Attorney General, Charles C. Foti, Jr., Remind Investors With Large Trading Losses of Lead Plaintiff Deadline in Lawsuit Against WebMD Health Corp. (NASDAQ: WBMD)

NEW ORLEANS, LA--(Marketwire - Aug 3, 2011) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 3, 2011 to file lead plaintiff applications in a securities fraud class action lawsuit against WebMD Health Corp. ("WebMD" or the "Company") (NASDAQ: WBMD). The lawsuit was filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of WebMD during the period between February 23, 2011 and July 15, 2011, inclusive (the "Class Period").

What You May Do

If you are a WebMD shareholder 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. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by October 3, 2011.

About the Lawsuit

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934. On July 18, 2011, WebMD announced its preliminary second quarter financial results and lowered its financial guidance for 2011. In reaction to the Company's announcement, the price of WebMD stock fell $14.01 per share, or 30%, to close at $32.48 per share, on extremely heavy trading volume.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. To learn more about KSF, 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