SOURCE: Shalov Stone Bonner & Rocco LLP

June 09, 2008 10:53 ET

Shalov Stone Bonner & Rocco LLP Reminds Investors That the Franklin Bank Corp. Securities Fraud Class Action Was Brought on Behalf of Both Common and Preferred Shareholders

NEW YORK, NY--(Marketwire - June 9, 2008) - On June 6, 2008, the law firm of Shalov Stone Bonner & Rocco LLP filed a securities fraud class action on behalf of all investors who purchased or otherwise acquired the common or preferred stock of Franklin Bank Corp. (NASDAQ: FBTX) (AMEX: FBK-P), in the period between October 29, 2007, and May 1, 2008, inclusive (the "Class Period").

Earlier today, another law firm -- that did not file a complaint of its own -- "notified" Franklin investors of the securities fraud class action that was investigated and filed by Shalov Stone Bonner & Rocco LLP. This firm incorrectly stated that the class action is open only to purchasers of Franklin's common stock. Investors are advised that the Franklin securities fraud class action seeks to protect the interests of both common and preferred shareholders.

If investors would like to speak with the lawyers who actually filed the Franklin securities fraud class action, they should contact Ralph M. Stone or Thomas G. Ciarlone, Jr., at (212) 239-4340 or by e-mail at rstone@lawssb.com or tciarlone@lawssb.com. For more information about the lawsuit, you may also visit Shalov Stone Bonner & Rocco LLP's website at www.lawssb.com/news_story.php?news=20080606.

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