DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Commonwealth Bankshares, Inc. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

• Do you, or did you, own shares of Commonwealth Bankshares, Inc. (OTC GREY: CWBS )?
• Did you purchase your shares before May 9, 2008, or between May 9, 2008 and September 23, 2011?
• Did you lose money in your investment in Commonwealth Bankshares, Inc.?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminders shareholders of Commonwealth Bankshares, Inc. (OTC GREY: CWBS) (“Commonwealth” or the “Company”) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities that purchased the common stock of Commonwealth between May 9, 2008 and September 23, 2011, inclusive (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2013.

If you purchased shares of Commonwealth during the Class Period, or purchased shares prior to the Class Period and still hold Commonwealth, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/commonwealth-bankshares-inc-cwbs.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class …read more
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