NEW ORLEANS, Aug. 25, 2010 (GLOBE NEWSWIRE) -- Former Louisiana Attorney General Charles C. Foti, Jr.'s law firm Kahn Swick & Foti, LLC ("KSF") has filed a securities fraud class action lawsuit against CVB Financial Corp. ("CVBF" or the "Company") (Nasdaq:CVBF) in the United States District Court for the Central District of California, on behalf of purchasers of the common stock of the Company between October 21, 2009 and August 9, 2010, inclusive (the "Class Period"). No class has yet been certified in this action.
If you wish to serve as lead plaintiff in this class action lawsuit, you must request this position by application to the court no later than October 22, 2010 (Pursuant to federal law, 60 days after KSF issued a press release on August 23, 2010 at 9:16 pm PDT in the jurisdiction where the lawsuit was filed and 11:16 pm CDT New Orleans time where the release was issued). A recent press release by a law firm that did not file a securities fraud class action against CVBF notified shareholders of the incorrect lead plaintiff deadline. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. To learn more about KSF and the facts of the lawsuit, you may visit www.ksfcounsel.com. KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions and have recovered tens of millions of dollars over the past two years for aggrieved investors.
If you are a CVBF shareholder and would like to discuss your legal rights and how this case might affect you, along with the lead plaintiff position and its related responsibilities including overseeing lead counsel with the goal of obtaining a fair and just resolution, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free 1-866-467-1400, ext. 200, after hours via cell phone 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or via cell phone 330-860-4092. KSF attorneys have significant experience in representing both institutional and individual shareholders in securities fraud litigation nationwide. KSF encourages both institutional and individual purchasers of CVBF to contact the firm to discuss the lawsuit and how it might affect you.