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 Tremor Video, Inc. (
What You May Do
If you purchased shares of Tremor Video 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
Tremor Video, certain of its executives, and the underwriters of the IPO are charged with issuing a series of materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, violating federal securities laws.
These false statements and omissions included, in part, that: (i) the online advertising market had materially shifted towards mobile browsing, as opposed to desktop browsing, where the Company was at a significant disadvantage to its competitors; and (ii) the Company was losing sales to competitors as a result of its inferior mobile browsing capabilities. Since the IPO, the value of the Company's stock has declined by approximately 60%.
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