Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against UCBH Holdings, Inc.

Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia”) (http://www.csgrr.com/cases/ucbh/) today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Northern District of California on behalf of purchasers of UCBH Holdings, Inc. ("UCBH”) (NASDAQ:UCBH) publicly traded securities during the period between April 24, 2008 and September 8, 2009 (the "Class Period”).

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from September 11, 2009. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or via e-mail at djr@csgrr.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.csgrr.com/cases/ucbh/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges UCBH and certain of its officers and directors with violations of the Securities Exchange Act of 1934. UCBH is a bank holding company.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and financial results and failed to record certain loan impairments required by Generally Accepted Accounting Principles ("GAAP”).

On April 23, 2009, the Company announced a significant increase in its loan loss provisions. On May 18, 2009, UCBH announced that it would restate its financial results for 2008 and the first quarter of 2009 due to its failure to properly record loan losses and impairments. On September 8, 2009, the Company announced the results of an investigation by the Subcommittee of the Board Audit Committee, which found that the restatement was necessitated by "improper actions and omissions of certain Bank Officers.” The report also concluded that the accounting improprieties were "driven by an apparent desire to downplay deteriorating financial conditions by delaying or abating risk rating downgrades and minimizing the Bank’s overall loan loss allowance.” Finally, UCBH announced a consent agreement with the FDIC and DFI relating to an order to cease and desist, which formally outlined specific steps the Company must undertake to strengthen its policies and procedures. As result of these disclosures the price of UCBH common stock fell over 60%.

According to the complaint, the true facts, which were known by the defendants but concealed from the investing public during the Class Period, were as follows: (a) UCBH’s loan portfolio was materially impaired; (b) UCBH’s Class Period financial statements failed to account properly for the impairment of the Company’s loan portfolio as required by GAAP; (c) defendants’ failure to account properly for the impairment of UCBH’s loan portfolio materially inflated the Company’s publicly reported net income and earnings during the Class Period; (d) defendants deliberately and improperly failed to account for the impairment in UCBH’s loan portfolio in order to downplay the Company’s deteriorating financial condition, delay or abate risk rating downgrades, and minimize the Company’s overall loan loss allowance; and (e) the Company failed to implement internal controls sufficient to prevent defendants from improperly accounting for the impairment of the Company’s loan portfolio.

Plaintiff seeks to recover damages on behalf of all purchasers of UCBH publicly traded securities during the Class Period (the "Class”). The plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more information about the firm.