Notice to All Thornburg Mortgage, Inc. Preferred Shareholders From the Securities Law Firm of Tramont Guerra & Nunez, PA
November 13 2008 - 7:00AM
Marketwired
The Securities Law Firm of Tramont Guerra & N��ez, PA (TGN)
makes an announcement to all investors in the Thornburg Mortgage
Preferred Series C (NYSE: TMA-PC), Thornburg Mortgage Preferred
Series D (NYSE: TMA-PD), Thornburg Mortgage Preferred Series E
(NYSE: TMA-PE) and Thornburg Mortgage Preferred Series F (NYSE:
TMA-PF) shareholders concerning the class action lawsuit filed
October 28, 2008 in the United States District Court for the
District of New Mexico. The parties named in the class action
lawsuit included Thornburg Mortgage, Inc. (NYSE: TMA), the
company's Board of Directors and other related parties for their
involvement in the "coercive tender offer aimed at eliminating the
Company's preferred shareholders, simultaneously diluting and
devaluing the common shares held by public shareholders." The class
action lawsuit alleges that the "PR campaign to coerce shareholders
into tendering their shares was a false and misleading definitive
proxy statement" which was filed with the SEC and disseminated to
shareholders on July 23, 2008.
Many investors were advised by their financial advisors that the
Thornburg Mortgage Preferred stock was a safe and stable investment
suitable for risk adverse investors. Brokerage firms are required
to provide advice based on the "know your customer" rule to
determine the suitability of investment recommendations, as set
forth by the Financial Industry Regulatory Authority (FINRA). The
recommendation of unsuitable investments and concentration in a
particular security or sector, are both violations which may
qualify an investor for an individual arbitration claim with FINRA.
In some cases, shareholders must "opt-out" as a class member in
order to pursue an individual securities arbitration claim.
The Securities Law Firm of Tramont Guerra & N��ez, PA is a
nationally recognized, Martindale Hubbell "AV" rated law firm. To
request a confidential consultation from a TGN attorney for
investment losses that exceed $100,000 from a full service
brokerage account, contact us on our website at
http://www.stockmarketlosslawyer.com/securities-concentration.htm.
To speak directly with an attorney, call (800) 578-0137 and ask for
David Chacin, Esquire.
Destination URL:
http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-thornburg.htm
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Contact: David Chacin, Esquire Tramont Guerra N��ez, PA (800)
578-0137 Email Contact
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