Investor Alert: KGS Urges Investors Who Have Lost More Than $100,000 in Municipal Mortgage & Equity, LLC Shares to Inquire About Lead Plaintiff Position in Securities Class Action Lawsuit -- MMAB

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| Source: Kahn Swick & Foti, LLC

NEW ORLEANS, March 4, 2008 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS"), one of the law firms that has filed a class action lawsuit against Municipal Mortgage & Equity, LLC ("MMA" or the "Company") (Pink Sheets:MMAB) (formerly (NYSE:MMA)) in the United States District Court for the District of Maryland, on behalf of shareholders who purchased the common stock of the Company between May 3, 2004 and January 29, 2008, inclusive (the "Class Period"), urges investors who have lost more than $100,000 to inquire about applying for the lead plaintiff position in the case. No class has yet been certified in this action.

UNLESS A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.

If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@kgscounsel.com.

MMA and certain of the Company's officers and directors are charged with making a series of materially false and misleading statements related to the Company's business and operations in violation of the Securities Exchange Act of 1934 (the "Exchange Act").

If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than March 31, 2008. 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. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit www.kgscounsel.com. KGS focuses its practice on securities litigation, and has been appointed lead counsel in numerous federal securities cases.

SPECIAL NOTICE: While federal law does not prohibit other lawyers from "announcing" the filing of this class action through the issuance of other press releases, KGS is one of the law firms that researched, investigated, drafted and filed the securities fraud case against MMA. If you are an MMA shareholder who decides to contact one of these lawyers, KGS reminds you to interview any such lawyer to assure that he or she understands the facts surrounding the substantive claims alleged in the complaint KGS has filed with the Court. Factors bearing on a law firm's ability to successfully prosecute this action and obtain a recovery for you include its lawyers' knowledge of applicable federal securities laws, the resources it will dedicate to prosecution of the case (including the number of lawyers the firm has available to prosecute this action) and the quality of the firm's work.

More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca.

Kahn Gauthier Swick, LLC
Lewis Kahn
1-866-467-1400, ext. 100
Lewis.kahn@kgscounsel.com