BENSALEM, Pa., July 11 /PRNewswire/ -- Law Offices of Howard G. Smith announces an August 5, 2008, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of all persons who purchased or otherwise acquired the common or preferred stock of Franklin Bank Corp. ("Franklin Bank") between April 26, 2007 and May 1, 2008 (the "Class Period"). The shareholder lawsuit is pending in the United States District Court for the Southern District of Texas.
The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning Franklin Bank's business and financial performance, thereby artificially inflating the price of Franklin Bank stock.
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. If you purchased Franklin Bank common or preferred stock between April 26, 2007 and May 1, 2008, you have certain rights, and have until August 5, 2008, to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to
