NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 30, 2019 to file lead plaintiff applications in a securities class action lawsuit against Cardinal Health, Inc. (NYSE: CAH), if they purchased the Company’s shares between March 2, 2015 and May 2, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Ohio.
What You May Do
If you purchased shares of Cardinal Health 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 ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-cah/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 30, 2019.
About the Lawsuit
Cardinal Health and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 3, 2018, Cardinal Health disclosed dismal results for 3Q2018, including a cut to its FY2018 earnings guidance, based primarily on the “disappointing performance” of its Cordis Corp. unit, contrary to the Company’s prior statements, including an inventory miscalculation that resulted in millions of dollars of expired unsellable product being written off.
On this news, the price of Cardinal’s shares plummeted.
Louisiana Sheriffs’ Pension & Relief Fund v. Cardinal Health, Inc., 2:19-cv-03347.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
1100 Poydras St., Suite 3200
New Orleans, LA 70163