Science & Technology
Thu, February 24, 2011Wed, February 23, 2011Tue, February 22, 2011Mon, February 21, 2011Sun, February 20, 2011Fri, February 18, 2011Thu, February 17, 2011Wed, February 16, 2011Tue, February 15, 2011Mon, February 14, 2011Kahn Swick & Foti, LLC and Former Louisiana Attorney General Announce Investigation Into Itron, Inc. a" ITRI
Published in Science and Technology on Friday, February 18th 2011 at 7:21 GMT by Market Wire
NEW ORLEANS--([ BUSINESS WIRE ])--Kahn Swick & Foti, LLC (aKSFa) and Former Attorney General of Louisiana, Charles C. Foti, Jr. announce the commencement of an investigation into Itron, Inc. ("Itron" or the "Company") (Nasdaq: ITRI) to determine whether it has violated federal securities laws by issuing false and misleading statements to its shareholders.
Shares of the Company fell nearly 10% yesterday, only one day after Itron said that its profits would be lower for the year. While analysts had been expecting at least $4.41 per share in net income, Itron now expects to earn only between $3.95 and $4.40 for 2011.
What You May Do
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn ([ lewis.kahn@ksfcounsel.com ]), toll free 877-515-1850, or after hours via cell phone 504-301-7900. KSF also encourages anyone with information regarding Itrona™s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders. Recent cases include In re Virgin Mobile USA IPO Litigation,2:07-cv-05619-SDW-MCA (D. N.J.), Co-Lead Counsel, $19.5 Million Settlement; In re BigBand Networks, Inc Securities Litigation,3:07-CV-05101-SBA (C.D. Cal.),Co-Lead Counsel, $11 million settlement; In re U.S. Auto Parts Networks, Inc. Securities Litigation,2:07-cv-02030-GW-JC (C.D. Cal.),Lead Counsel, $10 million settlement. KSF is also federally court-appointed Co-Lead Counsel in THE shareholder derivative cases against AIG and Bank of America (Merrill Lynch merger) emanating from their recent multi-billion dollar economic declines.
To learn more about KSF, you may visit[ www.ksfcounsel.com ].
