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.