NetBank, Inc. Securities Litigation Certified as Class Action by Court

Oct 28, 2010, 19:33 ET from Heffler, Radetich & Saitta L.L.P.

PHILADELPHIA, Oct. 28 /PRNewswire/ -- Berger & Montague, P.C., Lead Counsel for Lead Plaintiff and the Class in the NetBank, Inc. Securities Litigation class action suit, announced the following:

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF GEORGIA


IN RE NETBANK, INC. SECURITIES LITIGATION

CIVIL ACTION NO. 1:07-cv-02298-TCB


SUMMARY NOTICE OF PENDENCY OF CLASS ACTION



TO: ALL PERSONS WHO, DURING THE PERIOD MARCH 16, 2005 THROUGH AND INCLUDING MAY 21, 2007, PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY-REGISTERED COMMON STOCK OF NETBANK, INC. ("NETBANK"), AND HELD SUCH STOCK AS OF MAY 21, 2007, AND WERE DAMAGED AS A RESULT ("THE CLASS").

YOU ARE HEREBY NOTIFIED that a class action has been certified in the above entitled matter pending before the Honorable Timothy C. Batten, Sr., United States District Judge for the Northern District of Georgia.  The action asserts claims against Defendants Douglas K. Freeman, James P. Gross, Steven F. Herbert, Thomas H. Muller, Jr., Eula L. Adams and David W. Johnson, Jr., for alleged violations of the federal securities laws.

If you are a member of the Class and have not yet received the "Notice of Pendency of Class Action," which more completely describes the terms of this class action and your rights thereunder, you should immediately obtain a copy at www.hrsclaimsadministration.com; www.bergermontague.com; or www.gorbypeters.com; or by contacting:

   In re NetBank, Inc. Securities Litigation -- Notice of Pendency

   c/o Heffler, Radetich & Saitta LLP

   P.O. Box 58999

   Philadelphia, PA  19102-8999

   Telephone:  (800) 768-8450

   www.hrsclaimsadministration.com



DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE FOR INFORMATION.

Dated: October 21, 2010

SOURCE Heffler, Radetich & Saitta L.L.P.



RELATED LINKS

http://www.hrsclaimsadministration.com