NEW YORK, Oct. 26, 2007 LAWFUEL – Legal Newswire — The Rosen Law Firm today
announced that it has commenced an investigation into allegations that
WSB Financial Group, Inc. (“WSB” or the “Company”) (Nasdaq:WSFG) may
have violated the federal securities laws by issuing false and
misleading information to investors.
On October 24, 2007, the Company announced that the mortgage lending
practices and construction loan portfolio of its Westsound Bank
subsidiary was being examined by regulators for possible fraud and
misconduct. Moreover, the Company announced its own internal
investigation of the Company’s past mortgage and construction loan
origination practices. This and other adverse information has caused
the Company stock to fall in value.
As a result of these allegations, the Rosen Law Firm is preparing a
class action lawsuit on behalf of investors who purchased WSB’s stock
at any time from the date of WSB’s IPO on December 14, 2006 through
October 24, 2007.
You may access the website at http://www.rosenlegal.com to participate
in the proposed class action.
If you purchased WSB securities and would like further information
concerning your legal rights, please contact Laurence Rosen, Esq. or
Phillip Kim, Esq. toll-free at 866-767-3653 or email
lrosen@rosenlegal.com or pkim@rosenlegal.com or visit the website at
www.rosenlegal.com
The Rosen Law Firm has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial
fraud. The Rosen Law Firm represents investors throughout the nation,
concentrating its practice in securities class actions.
