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PHILADELPHIA-A securities fraud class action complaint has beenfiled against GMH Communities Trust and two of its principals withthe US District Court for the Eastern District of Pennsylvania. Thecomplaint alleges that the defendants "embarked on a scheme toinflate the earnings of the company and to issue dividends inviolation of loan covenants in order to drive the price of thestock higher."

The complaint was initiated by a person, identified in thedocument as Iris Martin, who purchased securities of GMH when theNewtown Square-based student and military housing specialty REITmade its initial public offering in October 2004 and is filed onbehalf of her, individually, and "all others similarly situated."The latter applies to people who purchased securities of GMH duringthe "class period" of between Oct. 24, 2004 and March 10, 2006. Thelocally based law firm of Berger & Montague PC is representingthe plaintiff.