The Rosen Law Firm, P.A. Issues Additional Information About the Securities Fraud Class Action Filed On Behalf of Sterling Financial Corporation (Lancaster, PA) Shareholders -- SLFI


NEW YORK, May 29, 2007 (PRIME NEWSWIRE) -- Due to shareholder inquiries, the Rosen Law Firm, PA (http://www.rosenlegal.com) provides additional information to current and former shareholders of Sterling Financial Corporation (Lancaster, PA) ("Sterling") (Nasdaq:SLFI).

On May 25, 2007 the Rosen Law Firm P.A. filed a complaint on behalf of all investors who purchased the common stock of Sterling during the period from April 27, 2004 through and including May 24, 2007 (the "Class Period"). The complaint alleges that Sterling's subsidiaries and certain of its officers and directors violated federal securities laws by issuing material false financial information.

The Rosen Law Firm is not aware of any other complaints being filed against Sterling or its subsidiaries. However, after the Rosen Law Firm filed this class action complaint, the Louisiana law firm of KGS (a/k/a Kahn Gauthier Swick) issued a press release announcing the class action, stating there is an "imminent deadline" and offering information. The press release issued by KGS appears to be an advertisement designed to solicit clients under the pretext that investors face an imminent deadline. In fact, shareholders have until July 24, 2007 to move for appointment as lead plaintiff and should not rush to judgment as to their options as a class member. In addition, the KGS firm has erroneously advised in its press release that Sterling is a defendant in the class action, when only certain of its subsidiaries and their officers and directors are. Class members should consider their options for legal representation in a deliberate and diligent manner.

If you are a Sterling investor, you can view a copy of the filed complaint, retain the Rosen Law Firm and join this class action online at http://www.rosenlegal.com.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim of the Rosen Law Firm toll free at 866-767-3653 (917-797-4425 weekends) or via e-mail at lrosen@rosenlegal.com.

The Rosen Law Firm http://www.rosenlegal.com 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 theClass Action Newsline at www.primenewswire.com/ca



            

Contact Data