Brower Piven Announces the Filing of a Class Action Lawsuit Against HomeBanc Corp.

Fri Dec 7, 2007 3:12pm EST

* Reuters is not responsible for the content in this press release.

  BALTIMORE, MD, Dec 07 (MARKET WIRE) -- 
 Brower Piven, A Professional Corporation announces that a class action lawsuit
has
been commenced in the United States District Court for the Southern District of
Florida on behalf of purchasers of the common stock of HomeBanc Corp.
("HomeBanc" or the "Company") (PINKSHEETS: HMBNP) between March 7, 2006 and
August 3, 2007, inclusive (the "Class Period"), including those investors who
purchased the Company's 10% Series A Cumulative Redeemable Preferred Stock
pursuant or traceable to HomeBanc's February 2, 2006 offering in which the
Company sold 2 million shares of Series A Preferred Stock for $25.00 per share.

    The complaint alleges that during the Class Period the Company, and
certainof its officers and/or directors, violated federal securities laws by
issuing various materially false and misleading statements that had the
effect of artificially inflating the market price of the Company's securities
and
causing Class members to overpay for the securities.

    No class has yet been certified in the above action.  If you are a member of
the
proposed Class, you may, no later than January 29, 2008, ask the Court to
allow you to serve as lead plaintiff for the proposed Class.  To serve as a
lead plaintiff, you must satisfy certain legal requirements.  In making your
decision, you should take into account that those with large financial losses
resulting from the alleged federal securities law violations are given
preference in being appointed lead plaintiff.

    If you have suffered a net loss for all transactions in HomeBanc Corp.
securities during the Class Period (including shares or calls purchased during,
but
retained after, the Class Period or put options sold but not covered until
after the Class Period), you may obtain additional information about this
lawsuit
and your ability to become a lead plaintiff by contacting Brower Piven (without
obligation or cost to you) at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, The World
Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore,
Maryland 21202.  The partners at the firm have combined experience in
securities and class action litigation of over 40 years.  If you choose to
retain
counsel, you may retain Brower Piven, or you may retain other counsel of your
choice.

    

CONTACT:
Brower Piven, A Professional Corporation
Baltimore, Maryland
Charles J. Piven
410/986-0036
Email Contact

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