WELBILT SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Welbilt, Inc.

NEW ORLEANS, Nov. 09, 2018 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 8, 2019 to file lead plaintiff applications in a securities class action lawsuit against Welbilt, Inc. (NYSE: WBT), if they purchased the Company’s shares between February 24, 2017 and November 2, 2018, inclusive (the “Class Period”).  This action is pending in the United States District Court for the Middle District of Florida. What You May Do If you purchased shares of Welbilt 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, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-wbt/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 8, 2019. About the Lawsuit Welbilt and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.  On November 5, 2018, the Company disclosed that it would be restating its YE December 31, 2016 financial statements and was expecting to revise its statements for YE December 31, 2015 and 2017 because “During the third quarter of 2018, the Company identified errors in the tax basis of a foreign subsidiary and incorrect amortization of the… [Read full story]