NEW ORLEANS, May 29, 2015 /PRNewswire/ -- Kahn Swick &
Foti, LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they
have until July 13, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against Etsy, Inc. (NasdaqGS: ETSY) if they purchased the
Company's securities between April 16,
2015 and May 10, 2015,
inclusive (the "Class Period"). This action is pending in the
United States District Court for the Eastern District of
New York.
What You May Do
If you purchased shares of Etsy 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, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by July 13,
2015.
About the Lawsuit
Etsy and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
These false statements and omissions included, in part,
that: (i) more than 5% of all merchandise for sale on Etsy's
website were counterfeit or constituted trademark or copyright
infringement; and (ii) brands are increasingly pursuing sellers on
Etsy's platform for trademark or copyright infringement,
jeopardizing the Company's listing fees and commissions.
After the lawsuit was filed, on May 19,
2015, Etsy reported its first quarter financial results,
revealing that it suffered a net loss of 84
cents per share, when analysts had expected the Company to
break even. On this news, the price of Etsy's shares plummeted.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C.
Foti, Jr., and other lawyers with significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders, you may visit
www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC