| Company: | Corus Bankhares Inc. |
| Ticker Symbol: | CORS |
| Class Period: | Jan-25-08 to Jan-30-09 |
| Date Filed: | Mar-12-09 |
| Lead Plaintiff Deadline: | May-11-09 |
| Court: | Northern District of Illinois |
| Allegations: | |
The complaint charges Corus Bankshares and its CEO with violations of the Securities Exchange Act of 1934. Corus Bankshares operates as the holding company for Corus Bank, which offers various banking products and services. Corus Bankshares primarily engages in generating deposits and originating loans. Corus's loan portfolio is primarily comprised of commercial real estate loans, including condominium construction and conversion loans, residential real estate loans, and other commercial loans.
The complaint alleges that the representations contained in Corus's press releases, Securities and Exchange Commission filings, conference calls, and presentations during the period between January 25, 2008 and January 30, 2009 (the class period) were materially false and misleading.
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.
