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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 January 6, 2020 to file lead plaintiff applications in a securities class action lawsuit against Quad/Graphics, Inc. (NYSE: QUAD).
Quad/Graphics and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 29, 2019, the Company disclosed a cut to its dividend, in half to $0.15 per share, and its plans to divest its book business, which it stated generated $200 million in annual sales, with an accompanying reduction to 2019 net sales guidance to “approximately $3.9 billion” from the previous range of “$4.05 billion to $4.25 billion” to reflect the divestiture.
On this news, the price of Quad/Graphics’ shares plummeted.
If you purchased securities of Quad/Graphics 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 (firstname.lastname@example.org), or fill out the form on this page.
The case is Born v. Quad/Graphics, Inc., 1:19-cv-10376. Click here to read the case complaint.