Marin Software Investigation Initiated by Former Louisiana Attorney General: Kahn Swick & Foti, LLC
May 9th 2013 10:35PM
Updated May 10th 2013 1:00AM
Marin Software Investigation Initiated by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Marin Software Incorporated Following Disclosure of Losses and Share Price Decline
NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. a partner at the law firm of Kahn Swick & Foti, LLC ("KSF") announces that KSF has commenced an investigation into Marin Software Incorporated (NYS: MRIN) .
Approximately 8 weeks after launching a $105 million Initial Public Offering, on May 8, 2013, Marin Software announced its first quarter 2013 financial results, well below analysts' expectations and below the guidance sponsored or endorsed by defendants in their pre-sale, "road show" presentations.
Following this news, shares of Marin Software fell over 19%, closing at $11.44 a share on May 9, 2013.
KSF's investigation is focusing on whether Marin Software and/or its officers and directors violated state or federal securities laws, and whether there were materially false statements made in or incorporated by reference into the prospectus issued in connection with the Company's March 22, 2013 IPO.
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn (firstname.lastname@example.org) or KSF Partner Melinda Nicholson (email@example.com) toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
KEYWORDS: United States North America Louisiana
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