Investor Alert: Dyer & Berens LLP Announces Deadline for 'Lead Plaintiff' Applications in Pending Shareholder Lawsuits Against The First Marblehead Corporation


DENVER, April 18, 2008 (PRIME NEWSWIRE) -- Dyer & Berens LLP (www.berenslaw.com) today encouraged persons who purchased or otherwise acquired the publicly-traded securities of The First Marblehead Corporation (NYSE:FMD) between August 10, 2006 and April 7, 2008, inclusive (the "Class Period") to contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com, or their counsel of choice, concerning their rights and interests in the recently-filed shareholder class action lawsuits.

If you purchased or acquired First Marblehead securities during the Class Period, you may have the legal right to petition the court to be appointed a "lead plaintiff." Any such request must satisfy certain criteria and be made on or before June 9, 2008.

The shareholder lawsuits allege, among other things, that First Marblehead and some of its officers and directors violated the federal securities laws by making materially false and misleading statements about the performance and quality of First Marblehead's securitizations in SEC filings and other statements made to the investing public.

Dyer & Berens LLP specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. Its attorneys have served as lead or liaison counsel in many securities fraud class actions, including: In re Qwest Comm'ns Int'l Sec. Litig.; Croker v. Carrier Access Corp.; UFCW Local 880-Retail Employers Joint Pension Fund v. Newmont Mining Corp.; Rasner v. FirstWorld Comm'ns, Inc.; In re ICG Comm'ns Sec. Litig.; Angres v. Smallworldwide, PLC; In re Ultimate Electronics, Inc. Sec. Litig.; Kerns v. SpectraLink Corp.; Queen Uno Ltd. v. Coeur d'Alene Mines Corp.; Toothman v. One-Stop Wireless of America; Gregg v. Sport-Haley, Inc.; and In re Tele-Communications, Inc. Sec. Litig.



            

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