A class action lawsuit was filed in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of the common stock of Kenexa Corporation (Nasdaq: KNXA) between May 8, 2007, and November 7, 2007, inclusive (the "Class Period"). The complaint alleges that, throughout the Class Period, the defendants violated the federal securities laws by misrepresenting and failing to disclose material adverse facts that were known to the defendants or recklessly disregarded by them. More specifically, the complaint alleges, among other things, that the defendants misrepresented or failed to disclose the following: that sales cycles for certain of the Company's lines of business were growing longer, thereby slowing revenue growth; that Kenexa's international sales were suffering and that the Company would need to reorganize its sales force as a result; that a significant Kenexa customer was seeking to be released from its agreements with the Company; and that, due to the preceding matters, there was no reasonable basis for the defendants' positive statements about the Company and its financial condition and business prospects.

In a statement and conference call on Nov. 7, 2007, CEO Nooruddin S. Karsan said the revenue shortfall was caused by longer sales cycles in its outsourced recruiting business and by problems experienced by a customer in that business that forced Kenexa to let the customer out of its contract. The following day, Kenexa’s share price fell to $16.61 from $27.84.

If you are a current shareholder or purchased shares during the period of May 8, 2007 thru November 7, 2007 and would like to discuss your options of exercising your rights as a shareholder, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.