CASES
RAIT Financial Trust
Class Period: Jan 10, 2007 to Jul 31, 2007
Lead Plaintiff Deadline: Oct 1, 2007 + Deadline passed
Summary of Case:
Summary of Case: Scott+Scott, LLP, filed a class action against RAIT Financial Trust (f/k/a RAIT Investment Trust) ("RAIT" or the "Company") (NYSE: RAS) and certain officers and directors in the U.S. District Court for the Eastern District of Pennsylvania. The action is on behalf of RAIT common stock purchasers during the period January 10, 2007 through July 31, 2007, inclusive (the "Class Period''), for violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements and material omissions regarding the Company's business and operations and that, as a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors. The deadline to file for Lead Plaintiff is October 1, 2007.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.