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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 July 22, 2019 to file lead plaintiff applications in a securities class action lawsuit against PriceSmart, Inc. (NasdaqGS: PSMT).
PriceSmart and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 25, 2018, the Company disclosed disappointing operating results for the fourth quarter and year ended August 31, 2018, as well as the discovery of a “balance sheet misclassification” requiring the restatement of certain financial statements and the resignation of its Chief Executive Officer.
On this news, PriceSmart’s share price fell $12.41, or more than 15%, to close at $69.16 on October 26, 2018.
If you purchased securities of PriceSmart 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@example.com), or fill out the form on this page.
The case is Harari v. PriceSmart, Inc., et al, 19-cv-00958. Click here to read the case complaint.