Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Swiss Reinsurance Company
BENSALEM, Pa., Feb. 29 /PRNewswire/ -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of all U.S. residents or citizens who purchased Swiss Reinsurance Company ("Swiss Re") stock between May 8, 2007 and November 19, 2007, inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of New York.
The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning Swiss Re's financial performance, thereby artificially inflating the price of Swiss Re stock. 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 Swiss Re stock between May 8, 2007 and November 19, 2007, you have certain rights, and have until April 28, 2008, 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 howardsmithlaw@hotmail.com or visit our website at http://www.howardsmithlaw.com/.
First Call Analyst:
CONTACT: Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, Web site: http://www.howardsmithlaw.com/
2008-02-29 20:03:48 0302131 PRNEWSWIRE
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