SALIX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Salix Pharmaceuticals Ltd. Following Disclosure of Disappointing Third Quarter Results and Resignation of CFO

NEW ORLEANS--()--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 Salix Pharmaceuticals Ltd. (Nasdaq: SLXP).

On November 6, 2014, Salix announced disappointing financial results for third quarter 2014, including a $88.6 million net loss, or $1.39 per diluted share for the quarter, and a downward revision of the Company’s previous full-year revenue guidance. Salix further announced the resignation of its chief financial officer, and named a senior vice president as interim CFO until a permanent successor is found. Reports indicate that the CFO resigned due to an accounting scandal involving inventory levels of key gastrointestinal drugs, forcing the reduction in the Company’s financial forecasts for the remainder of the year.

On this news, the price of Salix’s shares plummeted by almost 40%.

KSF’s investigation is focusing on whether Salix and/or its officers and directors violated state or federal securities laws.

If you are a Salix shareholder that has suffered losses related to your investment or have information that would assist KSF in its investigation, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (

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, California and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit


Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850

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