Theta Group, LLC : Membership Interests

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Theta Group, LLC : Membership Interests Summary: According to the complaint, in selling the securities of or membership interests in Theta, defendants engaged in a course of conduct that was designed to and did deceive plaintiff and other members of the Class, concerning (i) the personal background and credentials of defendant Rubel; (ii) the prior performance and historical returns of Theta; (iii) the reporting of monthly rates of return and losses; and (iv) the payment of fees to Messrs. Bell and Rubel in excess of those represented in the offering memorandum. This course of conduct caused plaintiff and other members of the Class to purchase membership interests of Theta. In furtherance of this plan and course of conduct defendants took the actions as set forth herein.

On October 23, 1997, the plaintiff filed a motion for default judgment. The motion was granted against defendants Theta Group, L.L.C., and Scott S. Bell. On May 18, 1998, the plaintiff filed a motion for an order preliminarily approving settlement with defendant Scott S. Bell. On May 28, 1998, the court preliminarily approved the settlement, and gave final approval for the partial class action settlement on July 8, 1998.

On May 21, 1999, a settlement was reached plaintiff and remaining defendant Scot Rubel. On February 29, 2000 and April 25, 2000, two Stipulation and Agreements were filed. On April 27, 2000, the Court preliminary approved of settlement, and he court gave final approval to the settlement on July 7, 2000.

INDUSTRY CLASSIFICATION:
SIC Code: 6211
Sector: Financial
Industry: Investment Services

COMPANY/ISSUER NAME:	Theta Group, LLC
COMPANY/ISSUER TICKER:	PRIVATE
COMPANY WEBSITE:	http://www.thetagroupinc.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Robert J. Falk, et al. v. Theta Group, L.L.C., et al.

COURT: N.D. Illinois	DOCKET NUMBER: 97-CV-0565
JUDGE NAME: Hon. Arlander Keys
DATE FILED: 01/27/1997	SOURCE: Other
CLASS PERIOD START: 10/01/1995	CLASS PERIOD END: 11/26/1996
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C. 200 N LaSalle St Ste 2100, Chicago, IL, 60601 (voice) 312.346.3100, (fax) , Wolf Haldenstein Adler Freeman & Herz LLP (New York) 270 Madison Avenue, New York, NY, 10016 (voice) 212.545.4600, (fax) 212.686.0114, newyork@whafh.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint - Trial By Jury Demanded
Type: Complaint		Date on the document: 01/27/1997
Notice Of Motion
Type: Notice		Date on the document: 05/18/1998
Preliminary Approval And Implementation Order
Type: Order		Date on the document: 05/28/1998
Final Order And Judgment Approving Partial Class Action Settlement
Type: Order		Date on the document: 07/08/1998
Stipulation And Agreement Of Compromise And Settlement
Type: Settlement		Date on the document: 02/29/2000
Preliminary Approval and Implementation Order
Type: Order		Date on the document: 04/27/2000
Stipulation And Agreement Of Compromise And Settlement
Type: Settlement		Date on the document: 05/01/2000
Final Order And Judgment Approving Partial Class Action Settlement
Type: Order		Date on the document: 07/20/2000
US District Court Civil Docket
Type: Docket		Date on the document: 07/20/2000

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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