Hagens Berman Sobol & Shapiro LLP and Gordon Thomas Honeywell Malanca Peterson & Daheim LLP Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing

Hagens Berman Sobol & Shapiro LLP and Gordon Thomas Honeywell Malanca Peterson & Daheim LLP Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing - 4/2/2009

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HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

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Hagens Berman Sobol & Shapiro LLP and Gordon Thomas Honeywell Malanca Peterson & Daheim LLP Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing
Staff Writer

Business Wire. April 2, 2009
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EXCERPT: The following statement is being issued by Hagens Berman Sobol & Shapiro LLP and Gordon Thomas Honeywell Malanca Peterson & Daheim LLP pursuant to an order of the United States District Court for the Eastern District of Washington: IN RE METROPOLITAN SECURITIES LITIGATION In The United States District Court For The Eastern District of Washington SUMMARY NOTICE OF CLASS ACTION If you purchased investment debentures or preferred stock issued by Metropolitan Mortgage & Securities Company, Inc. (“Metropolitan”) or investment certificates issued by Summit Securities, Inc. (“Summit”) pursuant to registration statements that became or were effective during the period from February 13, 2001, through July 31, 2003 (the “Class Period”), you may be part of a class of investors that has been certified to pursue claims in a class action lawsuit entitled In re Metropolitan Securities Litigation that is pending in the United States District Court for the Eastern District of Washington. The lawsuit alleges claims under federal securities law against Defendants PricewaterhouseCoopers LLP, Ernst & Young LLP, Roth Capital Partners, LLC and several individual officers of Metropolitan and Summit. Defendants deny the claims and any wrongdoing.

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