Brower Piven Encourages Investors Who Have Losses in Excess of $250,000 From Investment in BankUnited Financial Corporation to I
20 Settembre 2008 - 5:48PM
Marketwired
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 BankUnited Financial Corporation
("BankUnited" or the "Company") (NASDAQ: BKUNA) during the period
between April 18, 2006 and June 18, 2008, inclusive (the "Class
Period"). The complaint charges BankUnited and certain of its
officers and directors with violations under the Securities
Exchange Act of 1934.
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than November 17, 2008 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in the Company
during the Class Period. You may contact Brower Piven (through
hoffman@browerpiven.com or 410/332-0030) to answer any questions
you may have in that regard.
BankUnited is the holding company for BankUnited, FSB, which
provides consumer and commercial banking products and services to
consumers and businesses located primarily in Florida. The
complaint alleges that during the Class Period, defendants made
false and misleading statements including misrepresenting the
losses the Company was likely to suffer due to BankUnited's poor
underwriting standards and loan practices (particularly for
adjustable rate mortgages) that included BankUnited's questionable
appraisal processes and allowing borrowers to secure "piggy-back"
loans to fund a down payments. When the truth began to emerge, the
value of BankUnited's stock declined.
If you have suffered a net loss for all transactions in
BankUnited Financial Corporation common stock during the Class
Period, you may obtain additional information about this lawsuit
and your ability to become a lead plaintiff by contacting Brower
Piven at www.browerpiven.com, by email at hoffman@browerpiven.com,
by calling 410-332-0030, or at Brower Piven, A Professional
Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower
Piven have combined experience litigating securities and class
action cases of over 40 years. If you choose to retain counsel, you
may retain Brower Piven without financial obligation or cost to
you, or you may retain other counsel of your choice. You need take
no action at this time to be a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional
Corporation Baltimore, Maryland 410/332-0030 Email Contact
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