|[May 12, 2014]
POWERSECURE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates PowerSecure International, Inc. Following Disappointing Results and Analysts Downgrades
NEW ORLEANS --(Business Wire)--
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into PowerSecure International,
Inc. (NYSE: POWR).
On May 7, 2014, PowerSecure announced its results for the first quarter
of 2014, disclosing a net loss of 17 cents a share and revenue of $52.8
million, compared to analysts' earnings estimates of profits of 2 cents
per share and revenues or $59.33 million. Additionally, PowerSecure
expects a second-quarter net loss between 15 cents and 9 cents a share,
whereas analysts had expected profits of 15 cents.
On this news, PowerSecure was downgraded by multiple analysts, and the
price of its shares plummeted by over 64%-frm $18.60 on May 7 to $6.59
on May 12, 2014.
KSF's investigation is focusing on whether PowerSecure and/or its
officers and directors violated state or federal securities laws.
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 (firstname.lastname@example.org)
or KSF Partner Melinda Nicholson (email@example.com)
toll free at 1-877-515-1850.
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
To learn more about KSF, you may visit www.ksfcounsel.com.
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