Imperial Credit Commercial Mortgage Investment Corporation

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_______________
Copyright (c) 2001
Stanford Law School

Imperial Credit Commercial Mortgage Investment Corporation Conclusion: On April 5, 2002, the Court entered the Stipulation and Order for Dismissal with prejudice as to the plaintiff’s individual claims. According to the Order by U.S. District Judge Audrey B. Collins, this action is dismissed with prejudice as to plaintiff John Huston's individual claims, with all parties to bear their own costs & attorney’s fees. Further, as no class has been certified, this action is dismissed without prejudice as to the claims of class members other than plaintiff John Huston.

According to a Press Release dated June 7, 2000, a class action was filed alleging violations of the Securities Act of 1933. In denying Defendants' Motion to Dismiss and permitting Plaintiff to Proceed against ICCMIC and certain of its directors, the Court said, 'The Prospectus is a part of the Registration Statement and the Prospectus fails to describe that ICCMIC must pay for the Manager's operating expenses'. ICCMIC filed a Registration Statement and Prospectus with the Securities and Exchange Commission on or about August 1, 1997. The complaint alleges that Prospectus contained false statements, including a variety of false Statements related to the compensation paid to a management entity hired to operate the investment fund and undisclosed conflicts of interest.

INDUSTRY CLASSIFICATION:
SIC Code: 6798
Sector: Financial
Industry: Investment Services

COMPANY/ISSUER NAME:	Imperial Credit Commercial Mortgage Investment Corporation
COMPANY/ISSUER TICKER:	ICMI
COMPANY WEBSITE:

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

John Huston, et al. v. Imperial Credit Commercial Mortgage Investment Corporation, et al.

COURT: C.D. California	DOCKET NUMBER: 00-CV-02751
JUDGE NAME: Hon. Audrey B. Collins
DATE FILED: 03/17/2000	SOURCE: Business Wires
CLASS PERIOD START: 10/22/1997	CLASS PERIOD END: 10/21/1999
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Stanbury Fishelman Wisner & Adsit 9200 Sunset Boulevard, Penthouse 30, West Hollywood, CA, 90069-3601 (voice) 310.278.1800, (fax) 310.278.1802, abwisner@stanfish.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 1

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint For Violations Of Federal Securities Law And Unfair Business Practices – Demand For Jury Trial
Type: Complaint		Date on the document: 03/17/2000
Civil Minutes - General
Type: Other		Date on the document: 03/18/2002
Civil Minutes - General
Type: Other		Date on the document: 04/01/2002
Civil Minutes - Reopening/Closing
Type: Other		Date on the document: 05/23/2002
U.S. District Court Civil Docket
Type: Docket		Date on the document: 05/23/2002

OTHER DOCUMENTS

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

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