Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of Gerova Financial Group Ltd. (?Gerova? or the ?Company?) (NYSE:GFC) between January 7, 2010 and February 23, 2011, concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company during that period regarding Gerova's business, operations and financial condition were false and misleading. Gerova is a Bermuda-based property and casualty insurance and reinsurance company, focusing primarily on life and annuity reinsurance.

Specifically, the investigation pertains to a report issued on or about January 10, 2011, alleging, among other things, that Gerova has overstated the value of certain of its assets. Thereafter, on February 23, 2011, the New York Stock Exchange (NYSE) announced a trading halt in Gerova securities following ?recent events at and public disclosures by the Company,? and that the NYSE is ?evaluating both the need for further disclosure, as well as the overall suitability for continued listing of the Company's securities.?

If you purchased Gerova securities between January 7, 2010 and February 23, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com