American Home Mortgage Investment Corp (fka AHMNQ)

[Texan77]

To All Persons and Entities Who Purchased or Otherwise Acquired Shares of American Home Mortgage Investment Corp. ("American Home") Common and/or Preferred Stock During the Period From July 19, 2005 Through and Including August 6, 2007 and Who Were Damaged Thereby
9:00a ET November 10, 2009 (PR NewsWire)
Bernstein Litowitz Berger & Grossmann LLP and Berman DeValerio are issuing the following statement regarding the American Home Mortgage Action:

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF NEW YORK

IN RE AMERICAN HOME MORTGAGE (Other OTC: AHMIQ) (Other OTC: AHMMQ) (Other OTC: AHMNQ) SECURITIES LITIGATION, 07-MD-1898 (TCP)

THIS DOCUMENT RELATES TO ALL CLASS ACTIONS

Summary Notice of Pendency of Class Action and Proposed Settlements, Settlement Fairness Hearing, and Motion for Attorneys' Fees and Reimbursement of Litigation Expenses

TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED SHARES OF AMERICAN HOME MORTGAGE INVESTMENT CORP. ("AMERICAN HOME") COMMON AND/OR PREFERRED STOCK DURING THE PERIOD FROM JULY 19, 2005 THROUGH AND INCLUDING AUGUST 6, 2007 AND WHO WERE DAMAGED THEREBY, INCLUDING ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED AMERICAN HOME COMMON STOCK PURSUANT OR TRACEABLE TO THE REGISTRATION STATEMENTS ISSUED IN CONNECTION WITH SECONDARY OFFERINGS CONDUCTED ON AUGUST 9, 2005 AND APRIL 30, 2007 (TOGETHER THE "OFFERINGS").

PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Eastern District of New York, (i) of the pendency of this action (the "Action") as a class action on behalf of the persons and entities described above (the "Class"), except for certain persons and entities who are excluded from the Class by definition; and (ii) that three settlements reached in this Action (i.e., a settlement with the Individual Defendants in the amount of $24 million for the benefit of all Class Members; and settlements with defendant Deloitte & Touche LLP in the amount of $4.75 million, and with underwriter defendants in the amount of $8.5 million for the benefit of a subclass consisting of Class Members who purchased American Home common stock pursuant or traceable to the Offerings through and including August 6, 2007 (the "Offerings Subclass")) have been proposed that will fully and finally settle all claims against and release all Defendants. A hearing will be held before the Honorable Thomas C. Platt, at the United States District Court for the Eastern District of New York, 100 Federal Plaza, Courtroom 1040, Central Islip, NY 11722 at 1:30 p.m. on January 13, 2010 (i) to determine whether the proposed Settlements should be approved by the Court as fair, reasonable, and adequate; (ii) to determine whether the Settled Claims against the Settling Defendants and other Released Parties should be dismissed with prejudice; (iii) to determine whether the proposed plan of allocation should be approved by the Court as fair and reasonable; and (iv) to consider the application of Lead Counsel for attorneys' fees and reimbursement of expenses.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED BY THE PENDING ACTION AND THE SETTLEMENTS, AND YOU MAY BE ENTITLED TO SHARE IN ONE OR MORE OF THE SETTLEMENT FUNDS. If you have not yet received the full printed Notice of Pendency of Class Action and Proposed Settlements, Settlement Fairness Hearing, and Motion for Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice"), with the attached Claim Form, you may obtain a copy of these documents by contacting the Claims Administrator: In re American Home Mortgage Securities Litigation, c/o Analytics Incorporated, Claims Administrator, P.O. Box 2011, Chanhassen, MN 55317-2011, 1-877-265-3429. Copies of the Notice and Claim Form can also be downloaded from the website maintained by the Claims Administrator, www.amhomemortgagesecuritieslitigation.com, or from Lead Counsel's websites www.blbglaw.com and www.BermanDeValerio.com.

If you are a Class Member (including an Offerings Subclass Member) and do not exclude yourself from the Class, you will be bound by any judgment entered in the Action. To exclude yourself from the Class (including the Offerings Subclass), you must submit a request for exclusion such that it is received no later than December 23, 2009, in accordance with the instructions set forth in the Notice. Any objections to any of the proposed Settlements, the proposed plan of allocation, or the request for attorneys' fees and reimbursement of expenses, must be filed with the Court and delivered to Lead Counsel for the Class and counsel for the applicable Settling Defendants such that they are received no later than December 23, 2009, in accordance with the instructions set forth in the Notice.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. Inquiries, other than requests for the Notice, may be made to Lead Counsel:

Steven B. Singer, Esq.
Avi Josefson, Esq.
Bernstein Litowitz Berger & Grossmann LLP
1285 Avenue of the Americas
New York, NY 10019
[phone]
www.blbglaw.com

or

Jeffrey C. Block, Esq.
Kathleen M. Donovan-Maher, Esq.
Berman DeValerio
One Liberty Square
Boston, MA 02109
[phone]
www.BermanDeValerio.com




Web site: http://www.blbglaw.com/cases/index

http://www.bermandevalerio.com/Securities/Index.asp

http://www.amhomemortgagesecuritieslitigation.com/

SOURCE Bernstein Litowitz Berger & Grossmann LLP



http://www.blbglaw.com