Business & Finance
Business and Finance
Business and Finance
Tue, October 12, 2010
Mon, October 11, 2010
Fri, October 8, 2010 The Shuman Law Firm Reminds CVB Financial Corporation Investors of Important October 22, 2010 Lead Plaintiff Deadline
BOULDER, Colo.--([ BUSINESS WIRE ])--The Shuman Law Firm ([ www.shumanlawfirm.com ]) reminds investors of the October 22, 2010 lead plaintiff deadline in the class action lawsuit on behalf of purchasers of the common stock of CVB Financial Corporation ("CVB" or the "Company") (NASDAQ:CVBF) between October 21, 2009 and August 9, 2010, inclusive (the "Class Period").
If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at [ kip@shumanlawfirm.com ] or Mr. Glenn at [ rusty@shumanlawfirm.com ].
The Complaint alleges that CVB and certain of its officers and directors violated federal securities laws by making a series of materially false and misleading statements. Specifically, the Complaint alleges that defendants had propped up the Company's results by manipulating CVB's accounting for costs and expenses by failing to properly account for impaired loans. On August 9, 2010, defendants disclosed that the Company was the subject of an investigation by the SEC into possible accounting violations related to the manner in which defendants accounted for troubled loans. This disclosure had an immediate impact on the price of Company shares, which fell 22% to close at $8.00 per share on August 10, 2010.
If you purchased CVB common stock during the Class Period, you may request that the Court appoint you as lead plaintiff of the class no later than October 22, 2010. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
