TOWER GROUP SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Announces Expanded Class Period And Reminds Investors Of Lead Plaintiff Deadline In Class Action Lawsuit Against Tower Group International, Ltd.
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 21, 2013 to file lead plaintiff applications in securities class action lawsuits against Tower Group International, Ltd. (Nasdaq: TWGP) pending in the United States District Court for the Southern District of New York, if they purchased the Company’s securities during the expanded period between May 10, 2011 and September 17, 2013, inclusive (the “ Expanded Class Period”).
What You May Do
If you purchased shares of Tower Group 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 ( email@example.com) or KSF Partner Melinda Nicholson ( firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 21, 2013.
About the LawsuitTower Group and certain of its executives are charged with issuing a series of materially false and misleading statements during the Expanded Class Period, violating federal securities laws. On August 7, 2013, Tower Group announced that it was postponing the release of its second quarter 2013 financial results. On August 8, 2013, the Company disclosed that it may record an adverse reserve development of $60-$110 million pre-tax and that it had hired an independent actuarial firm to review selected areas of its loss reserves. Then, on September 17, 2013, Tower Group stated that it planned to release its second quarter 2013 financial results during the week of October 7, 2013. Following this news, the Company’s share price has fallen drastically. About Kahn Swick & Foti, LLC
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV