LEV Lion Electric Company

The law firm of Spector, Roseman & Kodroff, P.C. announces that a securities class action lawsuit was commenced in the United States District Court for the Southern District of Florida, on behalf of purchasers of the common stock of Levitt Corp. (�Levitt� or the �Company�) (NYSE:LEV) between January 31, 2007 through August 14, 2007, inclusive (the �Class Period�). The complaint charges Levitt and certain of its officers and directors with violations of the Securities Exchange Act of 1934 (the �Exchange Act�). Levitt, together with its subsidiaries, operates as a homebuilding and real estate development company in the southeastern United States. According to the complaint, on January 31, 2007, Levitt announced that it agreed to merge with BFC Financial Corp (�BFC�). Based upon BFC stock�s closing price on the previous trading day, the proposed transaction valued Levitt stock at $14.41 per share -- a premium of 32 percent over the closing price of $10.88 per share on the previous trading day. The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements and failed to disclose: (i) that the Company's Levitt and Sons subsidiary was in much worse financial condition than publicly represented; (ii) that as a result of the foregoing, the Company was materially overstating its financial results because it was failing to timely record an impairment in the value of its homebuilding inventory at Levitt and Sons; (iii) that the Company�s loans and advances to Levitt and Sons would not be recovered as the subsidiary lacked the financial resources to pay now and in the foreseeable future; and (iv) that Levitt and Sons was insolvent. Then, on August 15, 2007, the Company announced that the merger agreement with BFC had been terminated, without giving any explanation. Upon this news, shares of the Company's stock fell $0.79 per share, or over 21%, to close at $2.96 per share. Subsequently, on November 9, 2007, it was announced that Levitt and Sons filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. Plaintiff seeks to recover damages on behalf of all purchasers of Levitt common stock during the Class Period (the "Class"). If you purchased Levitt securities during the Class Period, you may, no later than March 25, 2008, move to be appointed as a Lead Plaintiff in this class action. A Lead Plaintiff is a representative, chosen by the Court, which acts on behalf of other class members in directing the litigation. The Private Securities Litigation Reform Act of 1995 directs Courts to assume that the class member(s) with the �largest financial interest� in the outcome of the case will best serve the class in this capacity. Courts have discretion in determining which class member(s) have the �largest financial interest,� and have appointed Lead Plaintiffs with substantial losses in both absolute terms and as a percentage of their net worth. If you wish to join this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Robert M. Roseman or David Felderman, toll-free at 888-844-5862 or e-mail at classaction@srk-law.com. For more detailed information about the firm please visit its website at http://www.srk-law.com. Spector, Roseman & Kodroff, P.C., located in Philadelphia, Pennsylvania, concentrates its practice in complex litigation including actions dealing with securities laws, antitrust, contract and commercial claims. The firm is active in major litigation pending in federal and state courts throughout the United States. The firm�s reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm as lead counsel in numerous major class actions involving violations of the federal securities laws and the federal antitrust laws, and consumer fraud. As a result of the efforts of the firm, and its members, hundreds of millions of dollars have been recovered through judgments and settlements on behalf of thousands of defrauded shareholders and companies.