Court Appoints KSF as Lead Counsel in CytRx Corporation

On June 17,2014, the United States District Court for the Central District of California appointed KSF as sole lead counsel in Chen v. CytRx Corporation, et al., 2:14-cv-01956-GHK, a securities fraud class action brought on behalf of all persons who purchased or otherwise acquired the publicly traded common stock of CytRx between November 20, 2013 and March 13, 2014.