NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until September 30, 2019 to file lead plaintiff applications in a securities class action lawsuit against Cardinal Health, Inc. (NYSE: CAH). Investor losses must relate to purchases of the Company’s shares between March 2, 2015 and May 2, 2018. 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 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 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 September 30, 2019.
About the Lawsuit
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.
The case is 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 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.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
