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Case Status:    SETTLED
On or around 01/05/1999 (Date of order of final judgment)

Filing Date: April 25, 1996

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.


Sector: Financial
Industry: Misc. Financial Services
Headquarters: United States


Ticker Symbol: EFCW
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Illinois
DOCKET #: 96-CV-2455
JUDGE: Hon. James B. Moran
DATE FILED: 04/25/1996
CLASS PERIOD END: 04/15/1996
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 ·
  3. Steven L. Popuch & Associates
    39 South LaSalle Street Suite 1020, Steven L. Popuch & Associates, IL 60603
    312.251.0600 ·
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