Eagle Finance Corporation - Securities Class Action

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Stanford Law School

Eagle Finance Corporation Conclusion: According to the docket posted, on January 5, 1999, the Court entered the Final Judgment and Order of Dismissal of Class Action With Prejudice and the case was dismissed. The Court further entered the Minute Order by U.S. District Judge James B. Moran awarding plaintiff's attorneys fees and reimbursement of litigation expenses in an aggregate amount of $262,500.

As reported by the Company’s FORM 10-Q For the Quarterly Period ended June 30, 1998, during July, 1998, a verbal agreement regarding settlement was reached among the parties and the Company accrued its expected settlement expense as of June 30, 1998.

The complaint alleges that during the Class Period, Eagle's financial results, as reported by defendants, did not accurately reflect the Company's true financial position and results of operations. The financial results which defendants issued failed to be reported in accordance with generally accepted accounting principles. Such results contained material accounting irregularities in that they failed to reflect adequate reserves for credit losses. Moreover, defendants issued public statements during the Class Period which fraudulently created the false impression that the Company's accounting practices were proper.

INDUSTRY CLASSIFICATION:
SIC Code: 6141
Sector: Financial
Industry: Misc. Financial Services

COMPANY/ISSUER NAME:	Eagle Finance Corporation
COMPANY/ISSUER TICKER:	EFCW
COMPANY WEBSITE:

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Rehm, et al. v. Eagle Finance Corporation, et al.

COURT: N.D. Illinois	DOCKET NUMBER: 96-CV-2455
JUDGE NAME: Hon. James B. Moran
DATE FILED: 04/25/1996	SOURCE: Internet
CLASS PERIOD START: 05/12/1995	CLASS PERIOD END: 04/15/1996
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Abbey Gardy & Squiteri LLP (San Francisco) 595 Market Street, Suite 2500, San Francisco, CA, 94105 (voice) 415.538.3725, (fax) , Schiffrin & Barroway LLP 3 Bala Plaza E, Bala Cynwyd, PA, 19004 (voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com Steven L. Popuch & Associates 39 South LaSalle Street Suite 1020, Chicago, IL, 60603 (voice) 312.251.0600, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint - Jury Trial Demanded
Type: Complaint		Date on the document: 04/25/1996
U.S. District Court Civil Docket
Type: Docket		Date on the document: 09/02/1999

OTHER DOCUMENTS

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

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