NEW YORK, May 29, 2007 LAWFUEL – The Law News Wire — Due to share…

NEW YORK, May 29, 2007 LAWFUEL – The Law News Wire — Due to shareholder
inquiries, the Rosen Law Firm, PA ( provides
additional information to current and former shareholders of Sterling
Financial Corporation (Lancaster, PA) (“Sterling”) (Nasdaq:SLFI).

On May 25, 2007 the Rosen Law Firm P.A. filed a complaint on behalf of
all investors who purchased the common stock of Sterling during the
period from April 27, 2004 through and including May 24, 2007 (the
“Class Period”). The complaint alleges that Sterling’s subsidiaries and
certain of its officers and directors violated federal securities laws
by issuing material false financial information.

The Rosen Law Firm is not aware of any other complaints being filed
against Sterling or its subsidiaries. However, after the Rosen Law Firm
filed this class action complaint, the Louisiana law firm of KGS (a/k/a
Kahn Gauthier Swick) issued a press release announcing the class
action, stating there is an “imminent deadline” and offering
information. The press release issued by KGS appears to be an
advertisement designed to solicit clients under the pretext that
investors face an imminent deadline. In fact, shareholders have until
July 24, 2007 to move for appointment as lead plaintiff and should not
rush to judgment as to their options as a class member. In addition,
the KGS firm has erroneously advised in its press release that Sterling
is a defendant in the class action, when only certain of its
subsidiaries and their officers and directors are. Class members should
consider their options for legal representation in a deliberate and
diligent manner.

If you are a Sterling investor, you can view a copy of the filed
complaint, retain the Rosen Law Firm and join this class action online

If you wish to discuss this action or have any questions concerning
this notice or your rights or interests, please contact plaintiff’s
counsel, Laurence Rosen, Esq. or Phillip Kim of the Rosen Law Firm toll
free at 866-767-3653 (917-797-4425 weekends) or via e-mail at
[email protected]

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.

More information on this and other class actions can be found on
theClass Action Newsline at

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