LUM Luminent Mtg Cap

BENSALEM, Pa., Aug. 14 /PRNewswire/ -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the publicly traded securities of Luminent Mortgage Capital, Inc. ("Luminent" or the "Company") (NYSE:LUM) between October 10, 2006, and August 6, 2007 (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Northern District of California. The Complaint alleges that defendants violated federal securities laws by issuing material misrepresentations to the market concerning the Company's operations and prospects, thereby artificially inflating the price of Luminent securities. 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 Luminent shares between October 10, 2006, and August 6, 2007, you have certain rights, and have until October 8, 2007, 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 or visit our website at http://www.howardsmithlaw.com/. DATASOURCE: Law Offices of Howard G. Smith CONTACT: Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, +1-215-638-4847, 1-888-638-4847, Web site: http://www.howardsmithlaw.com/

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