Update In The Shareholder Class Action Lawsuit On Behalf Of Thornburg Series C, D, E or F Preferred Stock Investors (NYSE:TMA TMA-PC TMA-PD TMA-PE TMA-PF) Over Alleged Violations Of Securities Laws
New Shareholder Class Action Lawsuits +++ Deadline expires on December 26, 2008 +++ Go To -> www.ShareholdersFoundation & Never Miss A Deadline +++
There is a deadline coming up in the shareholder lawsuit on behalf of Thornburg Series C, D, E or F preferred stock investors (NYSE:TMA TMA-PC TMA-PD TMA-PE TMA-PF) over alleged violations of Securities Laws. The deadline will expire on December 26, 2008.
If you tendered shares of Thornburg Series C, D, E or F Preferred Stock of Thornburg Mortgage, Inc. (NYSE:TMA TMA-PC TMA-PD TMA-PE TMA-PF) pursuant to the Tender Offer originally launched on July 23, 2008, and the definitive proxy statement filed with the Securities and Exchange Commission and disseminated to shareholders that same day over alleged violations of Securities Laws filed, you have certain options and there are strict and short deadlines running. (December 26, 2008). You should contact the Shareholders Foundation, Inc. immediately!
On Wednesday, October 29, 2008, a law firm has filed on behalf of a shareholder a proposed class action in the United States District Court for the District of New Mexico on behalf of a class consisting of all those persons who tendered shares of Thornburg Series C, D, E or F Preferred Stock of Thornburg Mortgage, Inc. (NYSE:TMA TMA-PC TMA-PD TMA-PE TMA-PF) pursuant to the Tender Offer originally launched on July 23, 2008, and the definitive proxy statement filed with the Securities and Exchange Commission and disseminated to shareholders that same day over alleged violations of Securities Laws. According to the complaint the plaintiff alleges that Thornburg Mortgage, Inc. (“Thornburg”), the Company’s Board of Directors (the “Board”), MP TMAC LLC, MP TMA (Cayman) LLC, and MatlinPatterson LLC (d/b/a “MatlinPatterson Global Advisers LLC”)(collectively, “MatlinPatterson”), violated federal securities laws. The stockholder alleges, among other things, that the Proxy fails to provide shareholders with certain material information and that the Thornburg Board has placed its own self-interest above those of Thornburg’s shareholders by agreeing to sell 90% of Thornburg to MatlinPatterson in return for grossly inadequate consideration in the form of a risk-free loan of approximately $1.3 billion and launching a coercive tender offer aimed at eliminating the Company’s preferred shareholders, simultaneously diluting and devaluing the common shares held by public shareholders.
If you tendered shares of Thornburg Series C, D, E or F Preferred Stock of Thornburg Mortgage, Inc. (NYSE:TMA TMA-PC TMA-PD TMA-PE TMA-PF) pursuant to the Tender Offer originally launched on July 23, 2008, and the definitive proxy statement filed with the Securities and Exchange Commission and disseminated to shareholders that same day over alleged violations of Securities Laws filed, you have certain options and there are strict and short deadlines running. (December 26, 2008). You should contact the Shareholders Foundation, Inc. immediately!
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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