FOOT LOCKER INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Foot Locker, Inc. - FL

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 Foot Locker, Inc. (NYSE: FL).

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Saturday, February 9, 2019
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Professional services, Legal, Charles Foti, Foti, New York Stock Exchange, Fiduciary, Locker, LOUISIANA, New Orleans, Navient Corporation
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Summary
Key Points: 
  • 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 Foot Locker, Inc. (NYSE: FL).
  • Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which is ongoing.
  • KSFs investigation is focusing on whether Foot Lockers officers and/or directors breached their fiduciary duties to Foot Lockers shareholders or otherwise violated state or federal laws.
  • The firm has offices in New York, California and Louisiana.


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 Foot Locker, Inc. (NYSE:
FL).

On August 18, 2017, the Company revealed negative financial results for
the second quarter of fiscal year 2017, including revenue significantly
below expectations, attributed in part to lower same-store sales, that
it was closing 100 more stores than previously announced, and that
weaker sales were expected for the rest of the fiscal year.

Thereafter, the Company and certain of its executives were sued in a
securities class action lawsuit, charging them with failing to disclose
material information during the Class Period, violating federal
securities laws, which is ongoing.

KSF’s investigation is focusing on whether Foot Locker’s officers and/or
directors breached their fiduciary duties to Foot Locker’s shareholders
or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or
have been a long-term holder of Foot Locker shares and would like to
discuss your legal rights, you may, without obligation or cost to you,
call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis
Kahn ([email protected]),
or visit https://www.ksfcounsel.com/cases/nyse-fl/
to learn more.

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, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

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