NEW ORLEANS, March 2, 2007 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders who purchased, exchanged or otherwise acquired the common stock of Novastar Financial, Inc. ("Novastar" or the "Company") (NYSE:NFI) between May 4, 2006 and February 20, 2007 (the "Class Period") have only 53 days left to move for appointment as lead plaintiff in the securities fraud class action lawsuit currently pending in the United States District Court for the Western District of Missouri. No class has yet been certified in this action.
SHAREHOLDERS WHO WISH TO SERVE AS A LEAD PLAINTIFF MUST ACT BY APRIL 24, 2007.
If you acquired shares of Novastar between May 4, 2006 and February 20, 2007, and if you want to discuss your legal rights and what it means to be a lead plaintiff, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at lewis.kahn@kgscounsel.com to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit www.kgscounsel.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca.