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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 17, 2019 to file lead plaintiff applications in a securities class action lawsuit against Apple Inc. (NasdaqGS: AAPL).
Apple and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On January 2, 2019, post-market, the Company disclosed that it would miss its prior quarterly revenue forecast by up to $9B, with revenues of only $84B, far below prior guidance of $89B to $93B, due in part to falling iPhone sales in China and significantly reduced battery replacement pricing.
On this news, the price of Apple’s shares fell, damaging investors.
If you purchased shares of Apple 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, via email (email@example.com), or fill out the form on this page.
The case is City of Roseville Employees’ Retirement System v. Apple Inc., et al., No. 19-cv-2033. Click here to read the case complaint.