Brower Piven Announces the Filing of a Class Action Lawsuit Against Security Capital Assurance, Ltd.
December 13 2007 - 3:53PM
Marketwired
BALTIMORE, MD (NYSE: SCA) in the Company's secondary public
offering on or about June 6, 2007.
The complaint alleges that during the Class Period the Company,
and certain of its officers and/or directors, violated federal
securities laws by issuing various materially false and misleading
statements that had the effect of artificially inflating the market
price of the Company's securities and causing Class members to
overpay for the securities.
No class has yet been certified in the above action. If you are
a member of the proposed Class, you may, no later than February 5,
2008, ask the Court to allow you to serve as lead plaintiff for the
proposed Class. To serve as a lead plaintiff, you must satisfy
certain legal requirements. In making your decision, you should
take into account that those with large financial losses resulting
from the alleged federal securities law violations are given
preference in being appointed lead plaintiff.
If you have suffered a net loss for all transactions in Security
Capital securities during the Class Period (including shares or
calls purchased during, but retained after, the Class Period or put
options sold but not covered until after the Class Period), you may
obtain additional information about this lawsuit and your ability
to become a lead plaintiff by contacting Brower Piven (without
obligation or cost to you) at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower
Piven, The World Trade Center-Baltimore, 401 East Pratt Street,
Suite 2525, Baltimore, Maryland 21202. The partners at the firm
have combined experience in securities and class action litigation
of over 40 years. If you choose to retain counsel, you may retain
Brower Piven, or you may retain other counsel of your choice.
CONTACT: Brower Piven, A Professional Corporation Baltimore,
Maryland Charles J. Piven 410/986-0036 Email Contact
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