| Company: | TierOne Corporation |
| Ticker Symbol: | TONE |
| Class Period: | Aug-8-08 to May-14-10 |
| Date Filed: | May-24-10 |
| Lead Plaintiff Deadline: | Jul-23-10 |
| Court: | District of Nebraska |
| Allegations: | |
The complaint, seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Act"), charges that TierOne and certain of its officers and directors violated the Act by issuing false and misleading financial information to investors. TierOne has been under strict scrutiny from the federal Office of Thrift Supervision since early 2009, after the Company reported four straight quarters of losses due to non-performing loans. Earlier this year, TierOne's independent auditor resigned. According to the filed complaint, certain public statements made by TierOne during that period, including statements about the Company's financial results, were materially false and misleading because, among others, the Company had improperly accounted for loan loss reserves.
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.
