Headline of release dated April 2, 2009 should read: Hagens Berman Sobol & Shapiro LLP and Gordon Thomas Honeywell Malanca Peterson & Daheim LLP Announce Summary Notice of Class Certification (sted ... Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing).
The corrected release reads:
HAGENS BERMAN SOBOL & SHAPIRO LLP AND GORDON THOMAS HONEYWELL MALANCA PETERSON & DAHEIM LLP ANNOUNCE SUMMARY NOTICE OF CLASS CERTIFICATION
The following statement is being issued by Hagens Berman Sobol & Shapiro LLP and Gordon Thomas Honeywell Malanca Peterson & Daheim LLP pursuant to an order of the United States District Court for the Eastern District of Washington:
IN RE METROPOLITAN SECURITIES LITIGATION
In The United States District Court
For The Eastern District of Washington
SUMMARY NOTICE OF CLASS ACTION
If you purchased investment debentures or preferred stock issued by Metropolitan Mortgage & Securities Company, Inc. (“Metropolitan”) or investment certificates issued by Summit Securities, Inc. (“Summit”) pursuant to registration statements that became or were effective during the period from February 13, 2001, through July 31, 2003 (the “Class Period”), you may be part of a class of investors that has been certified to pursue claims in a class action lawsuit entitled In re Metropolitan Securities Litigation that is pending in the United States District Court for the Eastern District of Washington. The lawsuit alleges claims under federal securities law against Defendants PricewaterhouseCoopers LLP, Ernst & Young LLP, Roth Capital Partners, LLC and several individual officers of Metropolitan and Summit. Defendants deny the claims and any wrongdoing.
Securities and Time Period Included: The “Class” is defined to include investors who purchased any of the following securities during the Class Period from February 13, 2001, through July 31, 2003: Metropolitan Investment Debentures, Series III and III-A; Metropolitan Preferred Stock, Series E-7; and Summit Investment Certificates, Series B and B-1, except that the Class does not include persons whose only purchases were of Metropolitan Series E-7 Preferred Stock on a secondary market, including on the American Stock Exchange or the internal trading desk at Metropolitan Investment Securities, Inc.
Requests for Exclusion: If you fall within the definition of the Class set forth above and wish to remain a member of the Class, you do not need to take any action and you will be represented by the attorneys appointed by the Court to serve as counsel for the Class (“Class Counsel”). However, you will not be able to pursue a separate lawsuit or claims against Defendants. If you do not wish to be part of the Class or you wish to pursue a separate lawsuit or claims against Defendants at your own expense and on your own behalf, you must request to exclude yourself from the Class. To exclude yourself, you must send a written request for exclusion so that it is postmarked no later than June 1, 2009, to IN RE METROPOLITAN SECURITIES LITIGATION, c/o Gilardi & Co. LLC, P.O. Box 990, Corte Madera, CA 94976-0990.
Class Counsel are: |
Steve W. Berman Jeniphr A.E. Breckenridge Tyler Weaver Robert Lopez HAGENS BERMAN SOBOL SHAPIRO, LLP Seattle, Washington |
and |
F. Mike Shaffer Bradley B. Jones Kenneth G. Kieffer GORDON THOMAS HONEYWELL MALANCA PETERSON & DAHEIM LLP Tacoma, Washington |
Summary Notice: This notice is intended only to provide basic information about the certification of the Class and about your rights to exclude yourself from the Class. If you would like a more detailed notice mailed to you or you would like more information about the case or the certification, you may contact Class Counsel at the following toll-free number: 800-447-7657. You also can email Class Counsel at the following email address: metropolitanlitigation@gilardi.com. Any written inquiries about the lawsuit should be addressed to Class Counsel at IN RE METROPOLITAN SECURITIES LITIGATION, c/o Gilardi & Co. LLC, PO Box 990, Corte Madera, CA 94976-0990.
DO NOT CONTACT THE COURT REGARDING THIS NOTICE.
DATED: April 2, 2009 | By Order of the Court | |
THE HONORABLE FRED VAN SICKLE |
Contacts:
HAGENS BERMAN SOBOL & SHAPIRO LLP
Tyler Weaver, 1-206-623-7292