ATLANTA, Feb. 10, 2010 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC announces that class action lawsuits have been filed in the United States District Court for the Eastern District of Washington against Sterling Financial Corporation ("Sterling Financial" or the "Company") (Nasdaq:STSA) and certain of its officers and directors. The complaints allege, among other things, that Sterling Financial failed to adequately disclose problems it was facing with regard to delinquent commercial real estate and construction loans between July 23, 2008 and January 13, 2009.
Holzer Holzer & Fistel, LLC is currently investigating whether certain officers and directors of Sterling Financial complied with the fiduciary duties they owed to the Company and its shareholders in connection with the conduct alleged in the class action lawsuits. If you have continuously owned Sterling Financial common stock since at least July 2008 and are interested in learning more about your legal rights or if you information that may be useful to our investigation, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, ormdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.