Kahn Swick & Foti, LLC & Former Louisiana Attorney General Announce Investigation Into 99 Cents Only Stores, After News of Go...

Kahn Swick & Foti, LLC (“KSF”) and Former Attorney General of Louisiana, Charles C. Foti, Jr. announce the commencement of an investigation into 99 Cents Only Stores ("99 Cents Only" or the "Company") (NYSE: NDN) after news that it had received a proposal from members of the Schiffer-Gold family, in conjunction with Leonard Green, to buy the company for $19.09 a share in cash.

FBR Capital Markets, which owns 5.4 per cent of 99 Cents Only’s shares, said in a filing that it believes the proposal “substantially undervalues” the company and pledged to closely monitor the board’s conduct in assessing the approach.

If you have information that would assist KSF in its investigation, or would like to discuss your legal rights as a shareholder, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn ([e-mail]), toll free 1-877-515-1850, after hours via cell phone [phone], or KSF Director of Client Relations, Neil Rothstein, Esq. ([e-mail]), toll free at 877-694-9510, or after hours via cell phone [phone].

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 BP, 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.