NEW ORLEANS, LA--(Marketwired - Nov 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 January 21, 2014 to file lead plaintiff applications in a securities class action lawsuit against Quality Systems, Inc. (
What You May Do
If you purchased shares of Quality Systems 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, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 21, 2014.
About the Lawsuit
Quality Systems and certain of its executives are charged with issuing a series of materially false and misleading statements concerning the Company's financial and growth prospects during the Class Period, violating federal securities laws.
On July 26, 2012, Quality Systems announced its financial results for the first quarter for fiscal year 2013, ended June 30, 2012, disclosing that its net income and earnings per share had significantly declined -- its net income had declined by 18% and its earnings per share had declined by 19%. As a result, the Company retracted its favorable guidance for fiscal year 2013.
On this news, shares of Quality Systems fell drastically -- from $23.36 per share to $15.95 per share, or 33%, on July 26, 2012.
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
lewis.kahn@ksfcounsel.com
Melinda Nicholson, Partner
melinda.nicholson@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447