| Company: | TOUSA Inc |
| Ticker Symbol: | TOUSQ |
| Class Period: | Aug-1-05 to Mar-19-07 |
| Date Filed: | Jul-25-08 |
| Lead Plaintiff Deadline: | Sep-23-08 |
| Court: | United States District Court for the Southern District of Florida |
| Allegations: | |
TOUSA, Inc. (Pink Sheets:TOUSQ) is a homebuilder and financial services company operating throughout Florida, Texas, the Mid-Atlantic, and the West. The lawsuit alleges that the company, certain of its officers and directors, and its underwriters issued materially false and misleading statements during the period August 1, 2005 through and including March 19, 2007 concerning the company's joint venture with Transeastern Properties, Inc., and the subsequent bankruptcy and losses resulting from the failure of that venture. On November 6, 2006, TOUSA disclosed, in a filing with the Securities and Exchange Commission, that it faced exposure for the full repayment of the loans of the joint venture with Transeastern. On March 19, 2007, TOUSA disclosed massive write-offs stemming from the failed joint venture.
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.
