FT. LAUDERDALE, Fla., Dec. 2 /PRNewswire-USNewswire/ -- To: All Persons Who Purchased The Class A Common Stock Of BankAtlantic Bancorp, Inc. ("BankAtlantic") During The Period From November 9, 2005 Through October 25, 2007 (the "Class").

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of Florida, that the above-captioned litigation (the "Action") has been certified as a class action on behalf of all persons who purchased or otherwise acquired the Class A common stock of BankAtlantic Bancorp, Inc. between November 9, 2005 and October 25, 2007, inclusive and were damaged thereby. There has been no settlement with or recovery against defendants. This is to notify you that the Court has certified the action as a class action.

If you are a member of the Class, this Notice may affect your rights. If you do not request to be excluded from the Class by February 2, 2010 as described below, you will be bound by the outcome of the Action.

If you have not received a detailed Notice of Class Action, you may obtain copies by contacting:

BankAtlantic Securities Litigation

c/o Rust Consulting, Inc.

P.O. Box 2276

Faribault, MN 55021-2397

Telephone: 1- 877-465-4134

Email: info@BankAtlanticSecuritiesLitigation.com

If you wish to remain a member of the Class, YOU DO NOT NEED TO DO ANYTHING AT THIS TIME. If you wish to exclude yourself from this Action, you must submit a request for exclusion postmarked by February 2, 2010 in the manner set forth in the detailed Notice of Class Action described above. All members of the Class who do not timely and validly request exclusion from the Class will be bound by any judgment entered in the Action.

If you have questions regarding this litigation, you may contact Co-Class Counsel at the following addresses:

Labaton Sucharow LLP                    Barroway Topaz Kessler
Paul J. Scarlato                        Meltzer & Check, LLP
140 Broadway                            Andrew L. Zivitz
New York, NY 10005                      280 King of Prussia Road
                                        Radnor, PA 19087

PLEASE DO NOT CONTACT THE COURT. All questions regarding this matter should be directed to Co-Class Counsel at the above addresses.

Dated: December 2, 2009

By Order of the Court: United States District Court

For The Southern District of Florida

SOURCE Labaton Sucharow LLP

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