Danziger Shapiro & Leavitt, P.C. Announces Investigation of Nobility Homes, Inc.

PHILADELPHIA, PA, September 6, 2012- Danziger Shapiro & Leavitt, P.C., a Philadelphia based litigation law firm,(www.DS-L.com) is investigating potential breaches of fiduciary duties by the officers and directors of Nobility Homes, Inc. (NASDAQ: NOBH). This inquiry centers on allegations that Nobility Homes' historical financial statements were materially inaccurate and misleading. Approximately one year ago, on September 21, 2011, Nobility Homes filed with the Securities and Exchange Commission ("SEC") a Form NT 10-Q announcing that it was unable to complete its financial statements for its third fiscal quarter ended August 6, 2011 because of unresolved issues regarding the valuation of its inventory of pre-owned manufactured homes. On May 25, 2012, Nobility Homes filed with the SEC a Form 8-K disclosing, among other things, that the Company still had not determined the proper accounting for "various components of the Company's Finance Revenue Sharing Agreement with 21st Mortgage Corporation and the related repurchased homes" and that the Company "anticipates that previously issued financial statements may be restated but at this point is unable to determine which financial statements should no longer be relied on." Then, on June 27, 2012, Nobility Homes filed with the SEC a Form NT 10-Q announcing, among other things, that the Company's "10-Q for the quarters ended August 6, 2011 and February 4, 2012 and 10-K for the year ended November 5, 2011 have not been filed pending the resolution of valuation issues of the [Company's] guarantee obligations under the previously referenced agreement," and that as a result of the delinquent filings, the NASDAQ Stock Market had granted the Company's request for continued listing only through September 14, 2012. Pursuant to NASDAQ Listing Rules, the September 14, 2012 deadline represents the maximum amount of time the Company may be allowed to become current on its financial filings, after which the exchange may delist the Company's stock. Individuals who own Nobility Homes shares and would like to learn more about this investigation, have an interest in joining a class-action lawsuit, or have any questions concerning this announcement and their rights, should contact Douglas M. Leavitt, Esquire: (215) 545-4830 or visit: www.ds-l.com/shareholder. You may also email Mr. Leavitt at leavitt@DS-L.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

About Danziger Shapiro & Leavitt, P.C.

Danziger Shapiro & Leavitt, P.C., is a litigation law firm committed to representing investors nationwide in securities matters and shielding investors against corporate misconduct. For additional information, please visit www.DS-L.com.

Client Reviews
★★★★★
Adam has been my corporate attorney for over 10 years. He is extremely professional and knowledgeable. He efficiently moves through the judicial system and always keeps the best interest of his client in the foreground. Janet
★★★★★
We hired Adam to represent us for a patent dispute. He was excellent from the very beginning. He was thorough, detailed, honest, forthright, succinct, and available to us for questions at all times. Needless to say he achieved the best outcome we could have hoped for, and I cannot recommend him highly enough. I only wish I could have given him a check mark on all of the attributes listed on LinkedIn, but it would only allow 3. Matt
★★★★★
All of us at Be a Part of the Conversation are indebted to Doug Leavitt and the staff at Danziger Shapiro & Leavitt for their guidance in helping us to establish and grow our nonprofit organization. Doug has been an invaluable resource, providing insight and understanding from the very beginning. In addition to answering our endless questions, he is also incredibly proactive – tirelessly working to ensure that our organization is moving forward in the best light possible. I honestly do not know where we would be today without the support and generosity of Doug and the team at Danziger Shapiro & Leavitt. Kim
★★★★★
We retained Doug to help us in a business dispute regarding several investments we had in restaurants and real estate in Cape May. Doug proved to be skilled in both litigation and negotiation, as well as reducing the settlement to writing, which required a thoughtful approach and high attention to detail to protect out interests because we had to do take back financing. The security agreements had to be carefully written so we could take back the restaurant and IP if the need arose- which it did! Thankfully everything was in place and Doug was able to get everything back and we came out unharmed. It is clear to us that Doug truly cares about his clients. Unless something like this happens to you, you wouldn't know how important it is to have the right attorney. We do. Brian
★★★★★
I am an officer in a Civil Engineering firm in New Jersey with over 45 employees and have retained many attorneys in the past. However, Doug Leavitt has helped my firm in reviewing and developing new corporate documents and professional agreements. Doug is an excellent attorney who is very personable and knowledgeable and a pleasure to work with. Paul