Hypo Real Estate sued over release timing - lawyers

FRANKFURT, Dec 22 (Reuters) - German law firm Rotter filed suit against Hypo Real Estate HRXG.DE on Friday on behalf of clients who allege the bank failed to disclose its exposure to the financial markets crisis in a timely way, Rotter said on Monday.

It said it was representing plaintiffs who bought HRE shares between November 2007 and January 2008 for an average price of 35 euros per share. HRE stock fell sharply after the bank said in mid-January it would have to write down assets as a result of the market turmoil.

HRE shares closed on Friday at 3 euros. (Reporting by Michael Shields) (michael.shields@thomsonreuters.com, Reuters Messaging: michael.shields.reuters.com@reuters.net; +49 69 7565 1266))