Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Coast Financial Holdings, Inc.
March 23 2007 - 3:57PM
PR Newswire (US)
OKLAHOMA CITY, March 23 /PRNewswire/ -- On March 20, 2007, a class
action lawsuit was filed in the United States District Court for
the Middle District of Florida against Coast Financial Holdings,
Inc. (NASDAQ:CFHI). The complaint alleges violations of federal
securities laws, Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5, including allegations of
issuing a series of material misrepresentations to the market which
had the effect of artificially inflating the market price. The
class period is from October 28, 2005 through January 19, 2007.
Plaintiff seeks to recover damages on behalf of the Class. If you
are a member of the Class as described above, you may move the
Court no later than Monday, May 21, 2007, to serve as a lead
plaintiff for the Class. However, in order to do so, you must meet
certain legal requirements pursuant to the Private Securities
Litigation Reform Act of 1995. If you wish to discuss this action,
participate in this or any other lawsuit, or have any questions or
concerns regarding this notice, or preservation of your rights,
please contact: William B. Federman FEDERMAN & SHERWOOD 10205
North Pennsylvania Avenue Oklahoma City, OK 73120 Email to: -
http://www.federmanlaw.com/ DATASOURCE: Federman & Sherwood
CONTACT: William B. Federman of Federman & Sherwood,
+1-405-235-1560, or Web site: http://www.federmanlaw.com/
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