Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Commonwealth Bankshares, Inc.

NEW YORK, Jan. 23, 2013 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Commonwealth Bankshares, Inc. ("Commonwealth Bankshares" or the "Company") (OTC: CWBS).  The investigation focuses on whether the Company and certain of its former executives violated federal securities laws.

The investigation focuses on allegations that the Company and its management fraudulently understated the Bank's loan loss reserves and concealed the Bank's inadequate internal controls, which ultimately caused the Bank to fail.

If you are aware of any facts relating to this investigation, or purchased shares of Commonwealth Bankshares on or before September 23, 2011, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman , 212-697-6484
eitan@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC