American Bankers Insurance Group, Inc. - Securities Class Action

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Copyright (c) 2001
Stanford Law School

American Bankers Insurance Group, Inc. Summary: The original complaint charges defendants with, among other things, violations of the Exchange Act in connection with a merger agreement entered into between ABI and AIGF. On Dec. 22, 1997, ABI announced that, pursuant to the merger agreement, it had agreed to be purchased by AIGF, an affiliate of AIG for $47 per share. On Jan. 27, 1998, Cendant Corp. ("Cendant") commenced a tender offer for ABI at $58 per share.

On February 9, 1998, the plaintiffs filed an Amended Class Action Complaint. On May 11, 1998, the Court granted the motion to consolidate several cases and granted the motion to appoint co-lead counsel. On May 27, 1998, the plaintiffs filed a Consolidated and Amended Class Action Complaint. On June 15, 1998, a stipulation of dismissal was filed as to defendants American International Group Inc. and AIGF, Inc. On August 24, 1998, the plaintiffs filed a motion for class certification. On August 31, 1999, District Court Judge K. M. Moore denied the motion for class certification. On November 19, 1999, the case was dismissed for administrative purposes.

On December 14, 1999, a Stipulation and Order was signed by Judge Moore. According to the Stipulation and Order, the parties have agreed that in light of the Court’s denial of the plaintiffs’ motion for class certification, the claims asserted herein have become moot and should be dismissed and that ABI's shareholders should have no responsibility for the payment of any fees and expenses incurred by plaintiffs' counsel in connection with this action, and defendants have agreed, subject to the entry of a final, nonappealable order dismissing the complaint herein, to pay a portion of the fees and expenses of plaintiffs' counsel in the sum of $495,000. The action is dismissed, without prejudice and without costs.

INDUSTRY CLASSIFICATION:
SIC Code: 6311
Sector: Technology
Industry: Scientific & Technical Instr.

COMPANY/ISSUER NAME:	American Bankers Insurance Group, Inc.
COMPANY/ISSUER TICKER:	ABI
COMPANY WEBSITE:	http://www.assurant.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Joel L. Lopate, et al. v. Landon, et al.

COURT: S.D. Florida	DOCKET NUMBER: 98-CV-00168
JUDGE NAME: Hon. Federico A. Moreno
DATE FILED: 01/28/1998	SOURCE: Business Wires
CLASS PERIOD START: 12/22/1997	CLASS PERIOD END: 01/27/1998
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Abbey Gardy, LLP (New York) 212 East 39th Street, New York, NY, 10016 (voice) 212.889.3700, (fax) , info@abbeygardy.com Burt & Pucillo LLP 515 North Flagler Drive, Northbridge Centre, Suite 1701, West Palm Beach, FL, 33401 (voice) 800.349.4612, (fax) , Goodkind Labaton Rudoff & Sucharow LLP 100 Park Avenue, New York, NY, 10017 (voice) 212.907.0700, (fax) 212.818.0477, info@glrslaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint
Type: Complaint		Date on the document: 01/28/1998
Amended Class Action Complaint
Type: Complaint		Date on the document: 02/09/1998
Order
Type: Order of Consolidation		Date on the document: 05/11/1998
CIVIL DOCKET FOR CASE #: 98-CV-168
Type: Docket		Date on the document: 12/23/1998

REFERENCE COMPLAINT

Ann Goodman, et al. v. American Bankers Insurance Group, Inc., et al.

COURT: S.D. Florida	DOCKET NUMBER: 98-CV-00168
JUDGE NAME: Hon. K. M. Moore
DATE FILED: 05/27/1998	SOURCE: Business Wires
CLASS PERIOD START: 12/22/1997	CLASS PERIOD END: 01/27/1998
TYPE OF COMPLAINT: Consolidated Complaint
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Abbey Gardy & Squiteri LLP (New York) 212 East 39TH Street, New York, NY, 10016 (voice) 212.889.3700, (fax) , Goodkind Labaton Rudoff & Sucharow LLP 100 Park Avenue, New York, NY, 10017 (voice) 212.907.0700, (fax) 212.818.0477, info@glrslaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE REFERENCE COMPLAINT
Consolidated And Amended Class Action Complaint
Type: Complaint		Date on the document: 5/27/1998
Order
Type: Order		Date on the document: 08/31/1999
Order
Type: Order		Date on the document: 11/29/1999
Stipulation And Order
Type: Order		Date on the document: 12/14/1999
U.S. District Court Civil Docket
Type: Docket		Date on the document: 12/20/1999

OTHER DOCUMENTS
Complaint For Declaratory And Injunctive Relief
Case Name and/or Number: Cendant Corporation, et al. v. American Bankers Insurance Group, Inc., et al.
Type: Complaint		Date on the document: 01/27/1998
Individual And Class Action Complaint
Case Name and/or Number: Ann Goodman, et al. v. American Bankers Insurance Group, Inc., et al.
Type: Complaint		Date on the document: 01/28/1998
Amended Complaint For Declaratory And Injunctive Relief
Case Name and/or Number: Cendant Corporation, et al. v. American Bankers Insurance Group, Inc., et al.
Type: Complaint		Date on the document: 02/02/1998
Amended Individual And Class Action Complaint
Case Name and/or Number: Ann Goodman, et al. v. American Bankers Insurance Group, Inc., et al.
Type: Complaint		Date on the document: 02/17/1998
Stipulation Of Dismissal
Case Name and/or Number: Cendant Corporation, et al. v. American Bankers Insurance Group, Inc., et al.
Type: Other		Date on the document: 03/25/1998
Final Order Of Dismissal
Case Name and/or Number: Cendant Corporation, et al. v. American Bankers Insurance Group, Inc., et al.
Type: Order		Date on the document: 04/02/1998
U.S. District Court Civil Docket
Case Name and/or Number: Cendant Corporation, et al. v. American Bankers, et al.
Type: Docket		Date on the document: 04/02/1998
U.S. District Court Civil Docket
Case Name and/or Number: Goodman, et al. v. American Bankers, et al.
Type: Docket		Date on the document: 04/05/1999

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