Bernstein Liebhard LLP Announces Preliminary Approval of Settlement of Beazer Homes (USA) Inc. Class Action

On May 12, 2009, the Honorable Clarence Cooper of the United States District Court for the Northern District of Georgia granted preliminary approval to the proposed settlement of the consolidated action, styled in In re Beazer Homes (USA), Inc. Securities Litigation, No. 07-725 (N.D. Ga.) (the “Action”), which was litigated by Bernstein Liebhard LLP and other attorneys appointed by the Court. In the action, the Lead Plaintiffs (the Carpenters Pension Trust Fund for Northern California and Glickenhaus & Co.) alleged that, during the Class Period, the Defendants made false and misleading statements concerning Beazer’s loan and mortgage origination practices and reported financial statements. The proposed settlement provides for the payment of $30.5 million to a class of investors who purchased Beazer stock between January 27, 2005 and May 12, 2008 (the “Class Period”), inclusive.

If you invested in Beazer during the Class Period, the deadline to submit a proof of claim form is September 14, 2009.

For the convenience of Class Members, you may download the Notice and Claim Form here:

For additional information, contact Jeffrey M. Haber at haber@bernlieb.com or visit the claims administrator’s website at http://www.gardencitygroup.com.

Bernstein Liebhard LLP is one of the preeminent plaintiffs’ class action law firms in the country. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” for the last six years.