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Leap in a heap of trouble

Just saw this press release. Apparently, shareholders of Leap Wireless who bought securities of the company between May 16, 2004 and November 9, 2007 can move for appointment as lead plaintiff in a securities fraud case. No class has been certified yet, so the class action suit is not moving forward at the moment. The release notes, in big letters: “UNTIL A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.”

If you purchased securities of Leap, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900 after hours, or email to lewis.kahn@kgscounsel.com to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit http://www.kgscounsel.com.

Read the rest of the release if this pertains to you.

[CNN Money]