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Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

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Tuesday, June 03, 2008

Class Action Lawsuit Against WCI Communities, Inc. and The Resort at Singer Island Properties, Inc.

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Comtex

WEST PALM BEACH, Fla., June 3, 2008 /PRNewswire via COMTEX/ ----The law firm of Beasley Hauser Kramer Leonard & Galardi, P.A. ("Beasley Hauser") announces this revised notice that on January 23, 2008, a securities class action lawsuit, entitled "PAUL MASTRELLA, SAMUEL LASORDA, GEORGE MELILLO, MICHAEL OCCHIATO and BRIAN SHAVER, Plaintiffs, v. WCI COMMUNITIES, INC. and THE RESORT AT SINGER ISLAND PROPERTIES, INC., Defendants" was filed against WCI Communities, Inc. ("WCI") (NYSE: WCI) and The Resort at Singer Island Properties, Inc. (collectively, the "Defendants"). The named plaintiffs are represented by Beasley Hauser.

The action is pending in the United States District Court for the Southern District of Florida, before Judge Daniel Hurley, Case number 08-80055-CIV- Hurley/Hopkins, located at 701 Clematis Street, West Palm Beach, Florida 33401.

The lawsuit was filed on behalf of all persons who purchased one or more of the 239 hotel condominium units (the "Hotel Units") in The Resort at Singer Island (the "Singer Island Resort") during the period of January 25, 2005 through January 23, 2008 (the "Class Period"). The Singer Island Resort is located in Palm Beach County, Florida.

The complaint alleges that the Defendants violated section 12(a)(1) of the Securities Act of 1933, 15 U.S.C. Section 77(l)(a)(1), by failing to register with the Securities and Exchange Commission (the "SEC") the public offering of the Hotel Units. The complaint also alleges that defendant WCI violated section 15 of the Securities Act, 15 U.S.C. Section 77o, by controlling the operations of its wholly owned subsidiary, defendant Singer Island Resort, in offering the Hotel Units for sale without registering them with the SEC. The plaintiffs seek to rescind their acquisition of the Hotel Units and/or rescissory or other damages in an amount to be proven at trial.

If you acquired a Hotel Unit and sustained losses and wish to serve as lead plaintiff, you may move the Court no later than 60 days from the date of the publication of this revised notice to appoint you as lead plaintiff, if you so choose. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation; in order to serve as lead plaintiff, you must meet certain legal requirements. A copy of the complaint is available from the Court.

This Notice is a revised notice that is being published in accordance with the Order of the Court, dated May 28, 2008.

SOURCE Beasley Hauser Kramer Leonard & Galardi, P.A.

http://www.beasleylaw.net

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