Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Security Capital Assurance Ltd.
12 January 2008 - 12:30PM
PR Newswire (US)
BENSALEM, Pa., Jan. 11 /PRNewswire/ -- Law Offices of Howard G.
Smith announces that a securities class action lawsuit has been
filed on behalf of investors who purchased the common stock of
Security Capital Assurance Ltd. ("Security Capital" or the
"Company")(NYSE:SCA) between April 23, 2007 and December 10, 2007,
including those who purchased shares in the Company's Secondary
Public Offering of June 6, 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 defendants violated federal securities laws by issuing
material misrepresentations to the market concerning Security
Capital's financial performance and prospects, thereby artificially
inflating the price of the Company's 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 the securities of Security Capital Assurance Ltd. between
April 23, 2007 and December 10, 2007, or in the Company's June 6,
2007 Secondary Public Offering, you have certain rights, and have
until February 5, 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 or visit our
website at http://www.howardsmithlaw.com/. DATASOURCE: Law Offices
of Howard G. Smith CONTACT: Law Offices of Howard G. Smith,
+1-215-638-4847, or 1-888-638-4847, Web site:
http://www.howardsmithlaw.com/
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