SOURCE: Dyer & Berens LLP

Dyer & Berens LLP

September 01, 2010 12:01 ET

Dyer & Berens LLP Reminds Shareholders of Upcoming Deadline in the Class Action Lawsuit Filed on Behalf of Certain CVB Financial Corp. Investors -- CVBF

DENVER, CO--(Marketwire - September 1, 2010) -  Dyer & Berens LLP (www.DyerBerens.com) today reminded investors of the upcoming lead plaintiff deadline in the class action lawsuit filed in the United States District Court for the Central District of California on behalf of investors who purchased CVB Financial Corp. (NASDAQ: CVBF) common stock between October 21, 2009 and August 9, 2010, inclusive. The complaint charges that CVBF and two of its senior officers violated the federal securities laws by making a series of materially false and misleading statements. Specifically, the plaintiff alleges that defendants propped up the company's results by manipulating its accounting for costs and expenses by failing to properly account for impaired loans.

If you purchased CVBF shares during the class period and wish to serve as a lead plaintiff, you must seek such an appointment with the court no later than October 22, 2010. A "lead plaintiff" directs the litigation and participates in important decisions including whether to accept a settlement and how much of a settlement to accept for the class in the action. The lead plaintiff here will be selected from among applicants claiming the largest loss from investment in the company during the class period. You are not required to have sold your shares to seek damages or to serve as a lead plaintiff. 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.

If you wish to discuss this action, the lead plaintiff process, or have any questions concerning this notice or your rights or interests in the litigation, please contact, Jeffrey A. Berens, Esq., at (888) 300-3362 x302, (303) 861-1764, or via email at jeff@dyerberens.com.

Dyer & Berens LLP has significant expertise in prosecuting investor class actions. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.

Contact Information

  • Contact:

    Jeffrey A. Berens
    Dyer & Berens LLP
    303 East 17th Avenue, Suite 300
    Denver, CO 80203
    Tel: (888) 300-3362 x302 or (303) 861-1764
    Email: Email Contact
    Website: www.DyerBerens.com