Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Participants in the Advanta Corp. Employee Savings Plan or the Advanta Employee Stock Ownership Plan

BALA CYNWYD, Pa.--(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating the
investment by Advanta Corp. ("Advanta" or the "Company") (Nasdaq: ADVNB) of Plan
participants` and beneficiaries` assets in company stock. The investigation
concerns whether administrators breached their fiduciary duties and violated the
Employee Retirement Income Security Act of 1974 ("ERISA") by investing assets in
company stock when it was not a prudent investment for participants` retirement
savings.

Advanta, through a subsidiary, was formerly one of the nation`s largest issuers
of MasterCard and Visa credit cards to small businesses in the United States.
Specifically, the investigation concerns possible improper behavior that harmed
current and former employees that invested in the plan as a result of the
Company`s failure to adequately disclose and timely record losses causing its
financial results to be materially false.

If you are a participant in the Advanta Employee Savings Plan or the Advanta
Employee Stock Ownership Plan and wish to discuss the legal ramifications of the
administrator`s investment in Company stock, you may e-mail or call the law
office of Brodsky & Smith, LLC who will, without obligation or cost to you,
attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll
free 877-LEGAL-90.

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
clients@brodsky-smith.com

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