Press Releases

Notice to All Green Bankshares Investors from the Securities Law Firm of Tramont Guerra & Nunez, PA

Coral Gables, FL (Vocus) November 24, 2010 - The Securities Law Firm of Tramont Guerra & Nunez, PA (TGN) makes an announcement to all investors in Green Bankshares who are prospective class members of class action lawsuit (Case No. 10 CV 00253) filed on November 18, 2010 in the U.S. District Court for the Eastern District of Tennessee Northeastern Division. The class period for class action lawsuit is from January 18, 2010 to November 9, 2010. The class action lawsuit alleges for the class period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. The class action lawsuit further alleged that the wrongful acts and omissions led to a precipitous decline in share price and significant losses for shareholders. TGN urges investors in Green Bankshares stock to consider what recourse is available to recover their investment losses in stock held in full-service brokerage accounts. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industry's conduct and safeguard the investing public. TGN informs investors that a FINRA securities arbitration claim would consider losses for a longer period than the class period of the class action lawsuit.

According to TGN, many investors in Green Bankshares stock represented a long term holding acquired through investment, inheritance or as an employee of the company. Full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice concerning risk management strategies for concentrated stock positions. Brokerage firms are required to supervise the activities in brokerage accounts, losses may be attributed to the failure to adequately supervise the stockbroker and the brokerage account. Recommendations of unsuitable investments and maintaining a concentrated position in the banking and financial sector are both causes of action that may be available to investors against their full-service brokerage firm in an individual securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable securities arbitration claim for investment losses that exceed $250,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for Ben Fernandez, Esquire.

Contact:
Ben Fernandez, Esquire
255 Alhambra Circle, Suite 1150
Coral Gables, Florida 33134
(800) 578-0137

ben@rtgn-law.com
http://twitter.com/stocklawyers