SOURCE: Federman & Sherwood

August 24, 2011 13:05 ET

Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Penson Worldwide, Inc. (NASDAQ: PNSN)

OKLAHOMA CITY, OK--(Marketwire - Aug 24, 2011) - On August 23, 2011, a class action lawsuit was filed in the United States District Court for the Northern District of Texas against Penson Worldwide, Inc. (NASDAQ: PNSN). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from February 10, 2011 through August 4, 2011.

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Monday, October 24, 2011, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:

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