NEW YORK, Sept. 4, 2006 (PRIMEZONE) -- The Rosen Law Firm (http://www.rosenlegal.com) reminds investors that they have until September 11, 2006 to seek appointment by the Court as Lead Plaintiff in the class action lawsuit filed by the Rosen Law Firm on behalf of purchasers of Sunterra Corporation (the "Company" or "Sunterra") (Pink Sheets:SNRR) stock during the period from April 15, 2003 through June 22, 2006. The Rosen Law Firm filed the first securities class action against the Company.
You can join the class action online at http://www.rosenlegal.com or call toll-free at 866-767-3653 or via email Phillip Kim, Esq. pkim@rosenlegal.com or Laurence Rosen, Esq. lrosen@rosenlegal.com.
The complaint charges that Sunterra and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities and Exchange Act by issuing materially false and misleading financial results for the fiscal years ended December 31, 2002 to September 30, 2005 and the first quarter ended December 31, 2005. As a result, the complaint alleges that the Company's stock has declined nearly 50%.
If you wish to serve as lead plaintiff, you must move the Court no later than September 11, 2006. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. 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. You may also remain an absent class member.
The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.