The company currently has seven otherproperties in various stages of development and construction, totaling 2,077units, and joint venture interests in 13 additional apartment communities,totaling 4,080 units. (Property data as of September 30, 2008)For moreinformation on BRE Properties, please visit our Web site at http://"Safe Harbor" Statement under the Private Securities Litigation Reform Actof 1995Except for the historical information contained herein, this news releasecontains forward-looking statements regarding the company's capital resources,portfolio performance and results of operations, including statements relatedto 2008 and 2009 results of operations, property development, acquisitions anddispositions and future capital-raising plans, and is based on the company'scurrent expectations and judgment. You should not rely on these statements aspredictions of future events because there is no assurance that the events orcircumstances reflected in the statements can be achieved or will occur.Forward-looking statements are identified by words such as
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08/12 - 10/12 Shop for Bruce Springsteen Tickets staging in Citizens Bank Park, Consol Energy Center. Bruce Springsteen is staging in Philadelphia, Pittsburgh and Boston. tickets to Bruce Springsteen"believes,""expects," "may," "will," "should," "seeks," "approximately," "intends,""plans," "pro forma," "estimates," or "anticipates" or their negative form orother variations, or by discussions of strategy, plans or intentions. The company'ssuccess also depends on general economic trends, including interest rates, taxlaws, governmental regulation, legislation, population changes and otherfactors, including those risk factors discussed in the section entitled "RiskFactors" in the company's most recent Annual Report on Form 10-K as they maybe updated from time to time by the company's subsequent filings with theSecurities and Exchange Commission, or SEC, including its most recentQuarterly Report on Form 10-Q.
Do not rely solely on forward-lookingstatements, which only reflect management's analysis. The company assumes noresponsibility to update this information. Lange, Jr., 1-415-445-6559, or Media, Thomas E.Mierzwinski, 1-415-445-6525, both of BRE Properties, Inc.. SAN DIEGO(Business Wire)Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia")( http://) today announced that a class action has beencommenced in the United States District Court for the Southern District of NewYork on behalf of purchasers of The Royal Bank of Scotland Group plc ("RBS" orthe "Company") (NYSE:RBS) American Depositary Shares ("ADSs") pursuant and/ortraceable to a false and misleading registration statement and prospectus(collectively, the "Registration Statement") issued in connection with theCompanys June 2007 initial public offering of 38 million Non-cumulative DollarPreference Shares, Series S (the "Offering"). If you wish to serve as lead plaintiff, you must move the Court no later than 60days from today.
If you are a member of this class, you can view acopy of the complaint as filed or join this class action online at http:// Any member of the putative class may move theCourt to serve as lead plaintiff through counsel of their choice, or may chooseto do nothing and remain an absent class member. RBS is a holding company of The RoyalBank of Scotland plc and National Westminster Bank plc, which are UnitedKingdom-based clearing banks. The complaint alleges that defendants consummated RBSs Offering pursuant to thefalse and misleading Registration Statement, selling 38 million Non-cumulativeDollar Preference Shares, Series S ("Series S ADSs") at $25 per share, forproceeds of approximately $950 million. The Registration Statement incorporatedRBSs financial results for 2004, 2005 and 2006. RBS ultimately announced hugemulti-billion pound impairment charges associated with its exposure to debtsecurities, including mortgage-related securities tied to the U.S. real estatemarkets, causing the price of RBSs Series S ADSs issued in the Offering todecline The ADSs now trade at approximately $10 per share. According to the complaint, the true facts that were omitted from theRegistration Statement were: (a) defendants portfolio of debt securities wasimpaired to a much larger extent than the Company had disclosed; (b) defendantsfailed to properly record losses for impaired assets; (c) the Companys internalcontrols were inadequate to prevent the Company from improperly reporting itsdebt securities; (d) the Companys participation in the consortium whichacquired ABN AMRO would have disastrous results on the Companys capitalposition and overall operations; and (e) the Companys capital base was notadequate enough to withstand the significant deterioration in the subprimemarket and, as a result, RBS would be forced to raise significant amounts ofadditional capital.
Plaintiff seeks to recover damages on behalf of all purchasers of RBS Series SADSs pursuant and/or traceable to the Registration Statement for the Offering(the "Class"). The plaintiff is represented by Coughlin Stoia, which hasexpertise in prosecuting investor class actions and extensive experience inactions involving financial fraud. Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, LosAngeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, isactive in major litigations pending in federal and state courts throughout theUnited States and has taken a leading role in many important actions on behalfof defrauded investors, consumers, and companies, as well as victims of humanrights violations. The Coughlin Stoia Web site ( http://) has moreinformation about the firm. Coughlin Stoia Geller Rudman & Robbins LLPDarren Robbins, 800-449-4900 or Copyright Business Wire 2009. November 13, 1964On this day, the St.