|By Marketwired .||
|September 4, 2013 10:00 PM EDT||
NEW ORLEANS, LA -- (Marketwired) -- 09/04/13 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 4, 2013 to file lead plaintiff applications in a securities class action lawsuit against Nuverra Environmental Solutions, Inc. (NYSE: NES), if they purchased the Company's securities during the period between August 6, 2012 and August 23, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Arizona. A second action is pending in the Southern District of New York on behalf of purchasers of Nuverra securities between March 12, 2013 and August 23, 2013, inclusive.
What You May Do
If you purchased shares of Nuverra 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 (firstname.lastname@example.org) or KSF Partner Melinda Nicholson (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 4, 2013.
About the Lawsuit
Nuverra and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
These false statements and omissions included, in part, that: (i) Nuverra was suffering from a severe liquidity crisis; (ii) Nuverra was experiencing a significant decline in its operational results, especially in the Eagle Ford Shale area; and (iii) Nuverra's default risk was materially increased because of its poor financial performance and the Company faces potential defaults on its covenants.
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.