BALTIMORE, March 6, 2003 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Provident Financial Group, Inc. (Nasdaq:PFGI) between March 30, 1998 and March 4, 2003, inclusive (the "Class Period").
The case is pending in the United States District Court for the Southern District of Ohio, Western Division, against defendant Provident Financial Group, Inc. and certain of its officers and/or directors.
The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market and overstating it earnings throughout the Class Period which false and misleading statements and overstatements of earnings had the effect of artificially inflating the market price of the Company's securities during the Class Period.
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 are a member of the Class, you may move the court no later than May 5, 2003 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements. 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 purchased or acquired shares of the Company referenced above during the period indicated and want to discuss your legal rights, you may e-mail or call Law Offices Of Charles J. Piven, P.A. who will, without obligation or cost to you, attempt to answer your questions. Law Offices Of Charles J. Piven, P.A. has been involved in securities litigation for over ten years. You may contact Law Offices Of Charles J. Piven, P.A. at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman@pivenlaw.com or by calling 410/986-0036.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.