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To join the class action against PFF, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or you may also email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.
The complaint asserts claims against PFF and its officers and directors for violations of the federal securities laws. The complaint alleges that defendants issued materially false and misleading statements regarding the Company's business and financial performance, including concealing the extraordinarily high level of impaired loan assets on PFF's balance sheet.
As a result of defendants' false statements about PFF's financial health, PFF's stock traded at inflated prices -- as high as $35.45 per share -- during the Class Period. Regulators closed PFF on November 21, 2008 and thereafter it was taken over by U.S. Bancorp. As a result, PFF's stock price dropped to $0.01 per share, causing stockholders to suffer a complete loss in their investments.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER.
If you wish to serve as lead plaintiff, you must move the Court no later than March 9, 2009. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
If you purchased PFF stock and would like further information concerning your legal rights and ability to recover your investment losses in PFF stock, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
Contact: Laurence Rosen, Esq. Email Contact Phillip Kim, Esq. Email Contact The Rosen Law Firm P.A. Tel: (212) 686-1060 Weekends/After-hours Tel: (917) 797-4425 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 www.rosenlegal.com
SOURCE: Rosen Law Firm P.A.
http://www2.marketwire.com/mw/emailprcntct?id=92801E62C51F4AF7 http://www2.marketwire.com/mw/emailprcntct?id=E1C07CC2CF1A8C46 http://www.rosenlegal.com
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