NEW ORLEANS, Jan. 01, 2020 (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 only until January 2, 2020 to file lead plaintiff applications in a securities class action lawsuit against Sealed Air Corporation (NYSE: SEE), if they purchased the Company’s shares between November 5, 2014 and August 6, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Sealed Air 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, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-see/ to learn more. 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 January 2, 2020.
About the Lawsuit
Sealed Air and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On August 6, 2018, the Company disclosed the receipt of a subpoena from the U.S. Securities and Exchange Commission requesting documents and information concerning the Company’s accounting for income taxes and financial reporting and disclosures. On this news, the price of Sealed Air’s shares plummeted.
The case is UA Local 13 & Employers Group Insurance Fund v. Sealed Air Corp., et al., 19-cv-10161.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
