Dyer & Berens LLP Encourages Frontier Financial Corporation Investors With
Significant Losses to Consider Their Legal Options Prior to the June 14, 2010
Shareholder Lawsuit Lead Plaintiff Deadline — FTBK
DENVER, June 9, 2010 (GLOBE NEWSWIRE) — The law firm of Dyer & Berens LLP
(www.DyerBerens.com) today encouraged investors who purchased or otherwise
acquired the common stock of Frontier Financial Corporation (“Frontier”) (Pink
Sheets:FTBK) between July 22, 2008 and March 16, 2010 (“Class Members”) to
consider their legal options in connection with the shareholder class action
recently filed by the firm.
Class Members may, among other things, seek to be appointed by the court as the
“lead plaintiff” in the class action on or before June 14, 2010. The lead
plaintiff will oversee the litigation and participate in important decisions
such as whether to accept a settlement on behalf of all Class Members. The lead
plaintiff will be selected from among applicants claiming the largest losses
from their investments in Frontier Financial during the class period. In the
alternative, Class Members may do nothing at this time and remain in the
putative class action as “absent class members” or affirmatively opt-out of the
class action and file individual lawsuits. For a free consultation regarding
your legal options, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362,
(303) 861-1764, or via email at jeff@dyerberens.com.
The class action complaint charges that Frontier and certain of its officers and
executives violated the federal securities laws by issuing materially false
statements regarding the company’s business and financial results and by failing
to disclose the extent of seriously delinquent commercial real estate,
construction and land loans. Frontier also allegedly failed to adequately and
timely record losses for its impaired loans, causing its financial results and
its Tier 1 capital ratio to be materially false and misleading.
The plaintiff in the initial class action complaint is represented by Dyer &
Berens LLP, which has significant expertise in prosecuting investor class
actions. For more information about the case or Dyer & Berens LLP, please visit
our website at www.DyerBerens.com.
CONTACT: Dyer & Berens LLP
Jeffrey A. Berens
(888) 300-3362
(303) 861-1764
jeff@dyerberens.com
303 East 17th Avenue, Suite 300
Denver, CO 80203