BigClassActions.com

First BanCorp NYSE: FBP



Company: First BanCorp
Ticker Symbol: NYSE: FBP
Class Period: October 20, 2003 to August 25, 2005
Date Filed: Nov-03-05
Lead Plaintiff Deadline: Jan-02-06
Court: Southern District, NY
Allegations:
A securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of First BanCorp (NYSE: FBP) between October 20, 2003 and August 25, 2005, inclusive (the "Class Period").

The case is pending in the United States District Court for the Southern District of New York against defendant First BanCorp and one or more of its officers and/or directors. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

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