Milberg, Weiss, Bershad & Schulman, L.L.P. > Firm Details

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Los Angeles
300 South Grand Avenue, Suite 3900 ,
Los Angeles, California - 90071



http://www.milbergweiss.com



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About Firm

Milberg Weiss is one of the nation’s largest law firms and its practice is focused on class-action litigation in federal and state courts. The firm’s mid-sized New York office represents investors, consumers, small businesses, and the public. The firm’s primary areas of expertise are in commercial litigation, emphasizing securities, consumer, healthcare, insurance, human rights, and antitrust class actions, but they also have an active corporate and securities practice.

Firm location	1st Year	2nd year	3rd Year	4th Year	5th Year	6th Year	7th Year	8th Year	Summer Associate
New York	$125,000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

 


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MILBERG WEISS ANNOUNCES ITS INVESTIGATION ON BEHALF OF CERTAIN INVESTORS OF RAIT FINANCIAL TRUST -- RAS

08-08-2007

Attorney Advertising. The law firm of Milberg Weiss LLP announces its investigation of RAIT Financial Trust("RAIT" or the "Company") (NYSE: RAS), certain of RAIT Financial Trust’s officers and directors, as well the underwriters of the Company’s January 10, 2007 common stock offering of 10 million shares, for allegedly issuing materially false and misleading statements and potentially violating federal securities laws, as well as certain other duties.

RAIT is a real estate investment trust, providing debt financing options to the real estate industry including bridge and mezzanine loans, preferred equity investments, trust preferred securities ("TruPS") and subordinated debt for private and corporate owners of commercial real estate, REITs and real estate operating companies and their intermediaries throughout the United States and Europe.

If you purchased or otherwise acquired RAIT securities between January 10, 2007 and July 31, 2007, inclusive (the "Class Period"), including RAIT common stock pursuant and/or traceable to the Company's January 10, 2007 common stock offering, you are encouraged to contact Milberg Weiss LLP at 1-800-320-5081 or at contactus@milbergweiss.com to learn about its investigation of RAIT and to discuss your legal rights.

According to the complaint filed in the United States District Court for the Eastern District of Pennsylvania, during the Class Period defendants allegedly issued materially false and misleading statements that misrepresented and failed to disclose: (i) RAIT's financial relationship with American Home Mortgage ("AHM"); (ii) that payment to RAIT by American Home Mortgage of the TruPS was in jeopardy, which could result in at least a net exposure of $95 million, or $1.56 per share of book value; and (iii) that RAIT had failed to adequately reserve for the risk of nonpayment of American Home Mortgage and the loss in value of the associated securities in an amount of approximately $95 million. The complaint charges RAIT and certain of its officers and trustees with violations of the federal securities laws.

On July 31, 2007, RAIT surprised the market by announcing that it did not receive payment from AHM of trust preferred securities due on July 30, 2007 from AHM, resulting in at least a net equity exposure of $95 million. The price of RAIT's common stock declined in reaction to this news from a close on July 30, 2007 of $16.08 to a close on July 31, 2007 of $10.36.

If you purchased or acquired the securities of RAIT during the Class Period, you may move the court no later than October 1, 2007, and request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your share in any recovery will not be enhanced or diminished by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss LLP, or other attorneys, to serve as your counsel in this action.

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ARIANA J. TADLER AND JEFF S. WESTERMAN ARE NAMED IN LAWDRAGON'S 3000 LEADING PLAINTIFFS' LAWYERS IN AMERICA

02-14-2007

Ariana J. Tadler and Jeff S. Westerman were chosen through Lawdragon’s proprietary rating system that weighs an objective assessment of their achievements and bar participation with journalistic reporting and online surveying of clients and peers. We’re very proud to include them in the Lawdragon 3000, which honors fewer than 1 percent of all the lawyers in America.

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Construction,Product Liability,Securities Litigation, Shareholder Corporate Litigation, Consumer Litigation, Antitrust Litigation, Insurance Litigation, Annuities Litigation, Mass Tort/Environmental Litigation, Accountants' Liability Litigation, False Claims Act Litigation, Human Rights Litigation, Labor and Employment Litigation.

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