Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 2, 2023 to file lead plaintiff applications in a securities class action lawsuit against Verizon Communications Inc. (NYSE: VZ), if they purchased the Company’s securities between February 4, 2020 and July 26, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the Western District of Pennsylvania.
What You May Do
If you purchased securities of Verizon 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-vz/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 2, 2023.
About the Lawsuit
Verizon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company owns lead-wrapped cables nationwide that are highly toxic and harmful to Company employees and non-employees alike; (ii) the hazards caused by the lead cables pose not only health risks to employees and the public, but also potentially significant risks to the Company from litigation, regulatory measures, and reputational harm; and (iii) as a result, Verizon’s statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
The case is Meehan v. Verizon Communications Inc., et al., No. 23-cv-1375.
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, Louisiana and New Jersey.
To learn more about KSF, you may visit http://ksfcounsel.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230802976530/en/
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
