updated 6/11/2011 11:46:02 AM ET 2011-06-11T15:46:02

NEW ORLEANS, June 11, 2011 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that only 2 days remain to file lead plaintiff applications in a securities fraud class action lawsuit against Puda Coal, Inc. ("Puda" or the "Company") (AMEX:PUDA). The lawsuit was filed in the United States District Court for the Southern District of New York on behalf of purchasers of the securities of Puda between November 13, 2009 and April 11, 2011, inclusive (the "Class Period").

What You May Do

If you are a Puda 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, 877-515-1850, or via cell phone any time at 504-301-7900. 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 request this position by application to the Court by June 13, 2011. 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

About the Lawsuit

To learn more about the allegations in this case, please visit http://www.ksfcounsel.com/lawsuit/puda-coal-inc-puda-lawyer-C146 .

About Kahn Swick & Foti, LLC

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

CONTACT: Kahn Swick & Foti, LLC
         Lewis Kahn, Managing Partner, 877-515-1850
         or after hours via cell phone 504-301-7900
         lewis.kahn@ksfcounsel.com
         206 Covington St.
         Madisonville, LA 70447

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