NEW YORK, July 31, 2007 (PRIME NEWSWIRE) -- The Rosen Law Firm (http://www.rosenlegal.com) announced today that a class action has been commenced in the United States District Court for the Eastern District of New York, on behalf of purchasers of American Home Mortgage Investment Corp. ("AHM") (NYSE:AHM-) securities during the period between July 26, 2006 and July 27, 2007 (the "Class Period").
To join the AHM securities litigation as a plaintiff or for further information, please call Laurence Rosen, Esq. or Phillip Kim, Esq. toll free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com.
You can join the class action online at http://www.rosenlegal.com.
A class action lawsuit has already been filed on behalf of AHM shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than October 1, 2007. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, 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 lawsuit charges AHM and certain of its officers with violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934. In particular, the complaint asserts that, during the Class Period, defendants materially misrepresented and failed to disclose that the Company was experiencing increasing loan delinquencies and increasing difficulties in selling its loans. Thus, the Complaint alleges that the Company had overstated its statements of earnings and margins. When the market learned of this adverse information piecemeal, through the Company's June 28, 2007, and July 27, 2007 announcements, the Complaint asserts that shareholders were damaged.
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.