Shalov Stone Bonner & Rocco LLP Announces That a Securities Fraud Class Action Has Been Filed Against Raymond James

NEW YORK, NY, Jun 10 (MARKET WIRE) --
Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has
been filed on behalf of purchasers of the common stock of Raymond James
Financial, Inc. ("Raymond James" or the "Company") (NYSE: RJF) between
April 22, 2008, and April 14, 2009 (the "Class Period"). The lawsuit is
pending in the United States District Court for the Southern District of
New York against Raymond James; Thomas A. James, the Chairman and Chief
Executive Officer of Raymond James; and Jeffrey P. Julien, the Company's
chief financial officer.

The complaint alleges that, throughout the Class Period, the defendants
violated the federal securities laws by misrepresenting and failing to
disclose material adverse facts that were known to the defendants or
recklessly disregarded by them. More specifically, the complaint alleges,
among other things, that the defendants publicized the Company's
purportedly conservative management practices and mortgage portfolios,
when, in reality, there were significant credit risks associated with the
residential and commercial loan portfolios of one of its largest
wholly-owned subsidiaries.

Shalov Stone Bonner & Rocco LLP has extensive experience in the
prosecution of class actions on behalf of investors. For more information
about the firm, please visit its website at: www.lawssb.com

If you would like additional information about the lawsuit or would like
to participate in it, please contact Thomas G. Ciarlone, Jr., at Shalov
Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, New
York 10018 (telephone: (212) 239-4340; e-mail: tciarlone@lawssb.com).

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Thomas G. Ciarlone, Jr.
SHALOV STONE BONNER & ROCCO LLP
Telephone: (212) 239-4340
Facsimile: (212) 239-4310
Email Contact
http://www.lawssb.com

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