Law Offices of Howard G. Smith Announces Update to the Shareholder Lawsuit
Against Franklin Bank Corp.
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") (Nasdaq: FBTX) 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 howardsmithlaw@hotmail.com or visit our website at
http://www.howardsmithlaw.com.
SOURCE Law Offices of Howard G. Smith
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, +1-215-638-4847,
Toll-Free, 1-888-638-4847, howardsmithlaw@hotmail.com
