KKR Financial Holdings LLC KFN Securities Stock Fraud

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Company: KKR Financial Holdings LLC
Ticker Symbol: KFN
Class Period: May-4-08 to Aug-8-08
Date Filed: Aug-11-08
Lead Plaintiff Deadline: Oct-10-08
Court: Southern District of New York
A lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased the common stock of KKR Financial Holdings, LLC pursuant to the Registration Statement and Prospectus (collectively, the "Registration Statement") issued in connection with its May 4, 2007 merger and share issuance ("Merger").

The Complaint charges that KFN and certain of its officers and directors violated federal securities laws by issuing materially false statements. Specifically, it is alleged that, the Registration Statement was false and misleading in that it misrepresented and/or omitted material facts, including: (i) the problematic real-estate-related assets held by the Company were a much bigger risk to the Company than the Registration Statement had represented; (ii) the Company's capital would be insufficient given the deterioration in its portfolio which would necessitate capital preservation and the need to raise capital to the detriment of common stockholders; and (iii) the Company was failing to adequately record loss reserves for its mortgage-related exposure, causing its balance sheet and financial results to be artificially inflated.

If you are a member of the class, you may, no later than October 6, 2008, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

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.

KKR Financial Holdings LLC KFN Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible KKR Financial Holdings LLC securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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