A deadline is coming up in the shareholder lawsuit against Nomura Asset Acceptance Corp. over allegedy false and misleasing registration statements and prospectus supplements. The deadline will expire on November 24th, 2008.
If you purchased one of the trusts listed above of Nomura Asset Acceptance Corporation Mortgage Pass-Through Certificates pursuant and/or traceable to false and misleading Registration Statements dated July 29, 2005 and April 24, 2006, and Prospectus Supplements issued in connection with the Certificates between September 27, 2005 and December 1, 2006, you have certain rights and there are short deadlines running (November 24, 2008). You should contact the Shareholders Foundation, Inc.!
Email:
Mail@ShareholdersFoundation.com
or Call us TODAY!
Phone: +1-(858)-779-1554
On Thursday, September 25, 2008, a shareholder has filed a proposed class action lawsuit in the United States District Court for the District of Massachusetts on behalf of purchasers of Nomura Asset Acceptance Corporation Mortgage Pass-Through Certificates pursuant and/or traceable to false and misleading Registration Statements dated July 29, 2005 and April 24, 2006, and Prospectus Supplements issued in connection with the Certificates between September 27, 2005 and December 1, 2006 against Nomura Asset Acceptance Corporation and certain of its officers and directors. The proposed class includes purchasers of Certificates in the following trusts:
Alternative Loan Trust 2006-AF1 Alternative Loan Trust 2006-AF2
Alternative Loan Trust 2006-AP1 Alternative Loan Trust 2006-AR1
Alternative Loan Trust 2006-AR2 Alternative Loan Trust 2006-AR3
Alternative Loan Trust 2006-AR4 Alternative Loan Trust 2006-WF1
According to the complaint the plaintigg alleges Nomura AssetAcceptance Corp, certain of its officers and directors and the issuers and underwriters of the Certificates with violations of the Securities Act of 1933. Specifically, the complaint alleges that on July 29th, 2005 and April 24th, 2006, Nomura Asset Acceptance Corporation and the issuers caused Registration Statements to be filed with the Securities and Exchange Commission (“SEC”) in connection with, and for the purpose of, issuing Mortgage Pass-Through Certificates and the certificates were issued pursuant to Prospectus Supplements, each of which was incorporated into the Registration Statements. The plaintiff alleges that the Registration Statements included false statements and/or omissions about the origination practices and appraisal practices which generated the underlying mortgage loans and as a result the certificates sold to plaintiff and the class were secured by assets that had a greater risk profile than what was represented in the Registration Statements.
Then by the fall of 2007, the truth about the performance of the mortgage loans that secured the certificates began to be revealed to the public and the rating agencies began to put negative watch labels on certificate tranches or classes, ultimately downgrading many and as a result the certificates are no longer marketable at prices anywhere near the price paid by plaintiff and the Class and the holders of the Certificates, so the lawsuit. Plaintiff seeks to recover damages on behalf of all purchasers of Mortgage Pass-Through Certificates pursuant and/or traceable to the Registration Statements.
If you purchased one of the trusts listed above of Nomura Asset Acceptance Corporation Mortgage Pass-Through Certificates pursuant and/or traceable to false and misleading Registration Statements dated July 29, 2005 and April 24, 2006, and Prospectus Supplements issued in connection with the Certificates between September 27, 2005 and December 1, 2006, you have certain rights and there are short deadlines running (November 24, 2008). You should contact the Shareholders Foundation, Inc.!
Email:
Mail@ShareholdersFoundation.com
or Call us TODAY!
Phone: +1-(858)-779-1554
or send us your information by mail /facsimile:
Shareholders Foundation, Inc.
Allen Trevor
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
Mail@ShareholdersFoundation.com
www.ShareholdersFoundation.com
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Advertising. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We are able to use our size to negotiate with significantly greater efficacy than the single investor with investigators, attorneys, and defendants. At Shareholders Foundation, Inc. we believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder by matching shareholder problems with the right legal experts, and finding equitable solutions. Shareholders Foundation, Inc. is comprised of a network of legal experts who both contribute to our vision for the Shareholders Foundation, Inc. and also represent the shareholders in real cases. The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices, as we can not give you legal advice. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. If you want legal advice we can recommend you a lawyer or you will have to consult your own attorney.
