Freitag, 27. Februar 2009

In Re NovaStar Financial, Inc. Securities Litigation

Trading Symbol: N/A
CUSIP Number: N/A

TERMS OF THE SETTLEMENT: The Settlement consists of $7,250,000 in cash and will include interest on the Settlement Fund prior to distribution.

CLASS DESCRIPTION: All persons who (1) purchased or otherwise acquired the common stock of NovaStar Financial, Inc. during the period from October 29, 2003 through April 8, 2004, inclusive, and still held those shares as of April 8, 2004, or (2) sold NovaStar put options during the Class Period whose option extended beyond, and was exercised after April 8, 2004, and (3) were damaged thereby.

IMPORTANT DATES:

DATE TO SEEK EXCLUSION
FROM THE CLASS: MARCH 9, 2009

DATE FOR SUBMISSION OF
PROOF OF CLAIM FORMS: MAY 15, 2009

TO OBTAIN A PROOF OF CLAIM FORM:

Robert M. Roseman, Esquire
SPECTOR, ROSEMAN KODROFF & WILLIS, P.C.
Tel: 215-496-0300
Fax: 215-496-6611
Email: rroseman@srkw-law.com

* * *
Sammelklage NovaStar Financial

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