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24 Hours Left - Kahn Swick & Foti, LLC and Former Louisiana State Attorney General Remind Investors With Large Financial Intere

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^{Published in Business and Finance on Monday, January 3rd 2011 at 4:20 GMT by Market Wire}  

NEW ORLEANS--([ BUSINESS WIRE ])--Kahn Swick & Foti, LLC ("KSF") and its partner, the former Louisiana Attorney General Charles C. Foti, Jr. remind investors that today is the last day to file lead plaintiff applications in a securities class action lawsuit in the United States District Court for the Northern District ofFloridaon behalf of purchasers of the securities of The St. Joe Company (NYSE:[ JOE ]) ("St. Joe" or the "Company"), who purchased or otherwise acquired St. Joe securities betweenFebruary 19, 2008andOctober 12, 2010, inclusive (the "Class Period"), including purchasers of the Company's securities pursuant or traceable to the Company's public offering of common stock on or aboutFebruary 27, 2008.

What You May Do

If you are a St. Joe shareholder 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, e-mail or call KSF Managing Partner, Lewis Kahn ([ lewis.kahn@ksfcounsel.com ]), toll free 1-866-467-1400, ext. 200, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. ([ neil.rothstein@ksfcounsel.com ]), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must act urgently and contact the firm now so you have time to request this position by application to the Court today. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. KSF encourages both institutional and individual purchasers of St. Joe to contact the firm. The ultimate resolution of any securities class action is strengthened through the involvement of aggrieved shareholders and lead plaintiffs who have large financial interests. KSF also encourages anyone with information regarding St. Joea™s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

About the Lawsuit

The Complaint charges St. Joe with violations of the Securities Act of 1933 and Securities Exchange Act of 1934. In particular, allegations relate to St. Joea™s alleged failure to take required impairments and accounting write-downs on many of its Florida based property developments and the consequential overvaluation of the Companya™s Florida properties, resulting in materially false and misleading financial statements.

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 and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders. Recent cases include In re Virgin Mobile USA IPO Litigation,2:07-cv-05619-SDW-MCA (D. N.J.), Co-Lead Counsel, $19.5 Million Settlement; In re BigBand Networks, Inc Securities Litigation,3:07-CV-05101-SBA (C.D. Cal.),Co-Lead Counsel, $11 million settlement; In re U.S. Auto Parts Networks, Inc. Securities Litigation,2:07-cv-02030-GW-JC (C.D. Cal.),Lead Counsel, $10 million settlement. KSF is also federally court-appointed Co-Lead Counsel in THE shareholder derivative cases against AIG and Bank of America (Merrill Lynch merger) emanating from their recent multi-billion dollar economic declines.

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