NEW ORLEANS, March 21, 2014 (GLOBE NEWSWIRE) -- 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 19, 2014 to file lead plaintiff applications in a securities class action lawsuit against Tellabs Inc. (Nasdaq:TLAB), on behalf of former holders of Tellabs common stock that was tendered or converted in connection with the acquisition of Tellabs by Marlin Equity Partners, Blackhawk Holding Vehicle LLC and Blackhawk Merger Sub Inc. (collectively "Marlin"). This action is pending in the United States District Court for the Northern District of Illinois.
What You May Do
If you purchased shares of Tellabs 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 May 19, 2014.
About the Lawsuit
Tellabs and its Board of Directors are charged with violations of the federal securities laws by issuing a Schedule 14D-9 Solicitation/Recommendation Statement that contained untrue statements of material fact, or omitted materials fact necessary in order to make the statements made not misleading, or by engaging in fraudulent, deceptive, or manipulative acts or practices in connection with the Tender Offer. Tellabs, the Board and Marlin are also charged with breaching and/or aiding and abetting breaches of fiduciary duties of loyalty and due care owed to Tellabs' shareholders in connection with the acquisition of Tellabs by Marlin.
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: 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
