Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 17, 2012, to file lead plaintiff applications in a securities class action lawsuit against Delta Petroleum, Inc. (PINK:DPTRQ.PK), if they purchased the Company's securities during the period between November 9, 2010 and November 9, 2011, inclusive (the "Class Period"). The action has been filed in the United States District Court for the District of Colorado.
What You May Do
If you purchased shares of Delta Petroleum 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, e-mail or call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead, you must file an application with the Court, by June 17, 2012.
About the Lawsuit
Delta Petroleum, and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On November 10, 2011, Delta stock collapsed 65%, to $0.71 per share, after the Company revealed a massive loss in the third quarter 2011 – of ($15.40) per share – and after Delta further warned that it might be forced to file bankruptcy if it was unsuccessful in achieving a transaction addressing the Company's liquidity.
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.
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner,
877-515-1850
or after hours via cell phone 504-301-7900
lewis.kahn@ksfcounsel.com