Company: | HomeBanc Corp. |
Ticker Symbol: | PINK SHEETS: HMBNP |
Class Period: | March 7, 2006 to August 3, 2007 |
Date Filed: | Dec-07-07 |
Lead Plaintiff Deadline: | Jan-29-08 |
Court: | Southern District, FL |
Allegations: |
A class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of purchasers of the common stock of HomeBanc Corp. ("HomeBanc" or the "Company") (PINKSHEETS: HMBNP) between March 7, 2006 and August 3, 2007, inclusive (the "Class Period"), including those investors who purchased the Company's 10% Series A Cumulative Redeemable Preferred Stock pursuant or traceable to HomeBanc's February 2, 2006 offering in which the Company sold 2 million shares of Series A Preferred Stock for $25.00 per share.
The complaint alleges that during the Class Period the Company, and certain of its officers and/or directors, violated federal securities laws by issuing various materially false and misleading statements that had the effect of artificially inflating the market price of the Company's securities and causing Class members to overpay for the securities.
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.
The complaint alleges that during the Class Period the Company, and certain of its officers and/or directors, violated federal securities laws by issuing various materially false and misleading statements that had the effect of artificially inflating the market price of the Company's securities and causing Class members to overpay for the securities.
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.