Carlyle Capital Corporation CCC Securities Fraud

June 22 2011 - by Lucy Campbell

Company:	Carlyle Capital Corporation
Ticker Symbol:	CCC
Class Period:	Jun-19-07 to Mar-17-07
Date Filed:	Jun-22-11
Lead Plaintiff Deadline:	Aug-21-11
Court:	District of Columbia
Allegations:

Washington, DC: Two related securities class actions have been commenced in the United States District Court for the District of Columbia on behalf of certain purchasers of the Class B shares and restricted depositary shares of Carlyle Capital Corporation, incorporated in Guernsey, Channel Islands, and currently in liquidation ("CCC" or the "Company") during the period from June 19, 2007 through March 17, 2008, inclusive (the "Class Period") and were damaged thereby, (the "Class"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). On March 17, 2008, the Royal Court of Guernsey entered a "winding up" order directing that CCC be liquidated.

The Complaint in Phelps v. Stomber, et al, Civil Action No. 11-1142 (D.D.C.) charges certain of the former officers and directors of CCC with violations of the Exchange Act. The Complaint in Phelps v. Carlyle Capital Corporation, Civil Action No. 11-1143 (D.D.C.) charges CCC with violations of the Exchange Act.

The Complaints allege that, throughout the Class Period, the defendants made material misrepresentations and failed to disclose material adverse facts about the Company's true financial condition, business and prospects. Specifically, the Complaints allege that, inter alia, defendants caused the Company to disseminate financial statements that were not fairly presented and failed to make complete and timely disclosures concerning certain actions taken by CCC's officers and directors which resulted in the Company's eventual entry into "winding up" proceedings.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Carlyle Capital Corporation CCC Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Carlyle Capital Corporation securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.