SOURCE: Cuneo Gilbert & LaDuca, LLP

Cuneo Gilbert & LaDuca, LLP

June 22, 2011 11:08 ET

Greenfield & Goodman, LLC and Cuneo Gilbert & LaDuca, LLP Announce Class Action Lawsuits on Behalf of Purchasers of the Shares of Carlyle Capital Corporation

WASHINGTON, DC--(Marketwire - Jun 22, 2011) - Greenfield & Goodman, LLC and Cuneo Gilbert & LaDuca, LLP today announced that two related 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.

If you wish to serve as lead plaintiff in one or both of the actions commenced, you must move the Court no later than 60 days from today. If you wish to discuss these actions or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Richard D. Greenfield, Esq. at Greenfield & Goodman LLC at 917-495-4446, or via e-mail at whitehatrdg@earthlink.net or Matt Miller, Esq. at Cuneo Gilbert & LaDuca at 202-789-3960, or via e-mail at mmiller@cuneolaw.com. Any member of the 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 in either or both cases.

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.

Richard D. Greenfield, Esq. of Greenfield & Goodman, LLC has over 30 years of experience in banking, securities and consumer litigation, having served as Lead or Co-Lead Counsel for plaintiffs in many shareholder class and derivative actions. Mr. Greenfield is a former director of a NYSE-listed bank holding company.

Cuneo Gilbert & LaDuca, a firm with offices in Washington, D.C., New York, Los Angeles and Alexandria, Va., specializes in the representation of plaintiffs in consumer, antitrust, civil rights and securities class actions and is active in major litigations pending in federal and state courts throughout the United States. The Cuneo Gilbert & LaDuca website (http://www.cuneolaw.com) has more information about the firm.

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