ADVANTA CP CL A
			Symbol			ADVN

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Brower Piven Encourages Investors Who Have Losses in Excess of $250,000 From Investment in Advanta Corp. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the December 14, 2009 Lead Plaintiff Deadline

2009-10-28 15:56 ET - News Release

BALTIMORE, MD -- (MARKET WIRE) -- 10/28/09

Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of Class A and/or Class B common stock of Advanta Corp. ("Advanta" or the "Company") (NASDAQ: ADVNA) during the period between, October 31, 2006 and November 27, 2007, inclusive (the "Class Period").

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than December 14, 2009 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff. You may contact Brower Piven (through hoffman@browerpiven.com or 410/986-0036) to answer any questions you may have in that regard.

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