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Case Status:    SETTLED
On or around 02/15/2002 (Date of order of final judgment)

Filing Date: March 23, 1999

According to the Form 10-K for fiscal year ended July 31, 2002, on July 17, 2001, the company entered into a Settlement Agreement with the two named Plaintiffs Terry Kennedy and Merle Brewer and their legal counsel. In the settlement the company agreed to give each named Plaintiff stock equivalent to a value of $2,000, and the Plaintiffs would have a thirty-day option to sell that stock back to the company for $2,000. The value of the stock would be based upon the last listed trade value as listed on NASDAQ. Further, any shareholders who tendered their stock in the Tender Offer in 1997 will be notified that they will have the opportunity to buy back stock of the company at a price of $120.00 per share (or $0.30 per share at the pre-split value) the value at which the stock was sold in the Tender. In regard to those who sold stock as part of the Reverse Split in 1998, the company will allow those shareholders to buy back in also at the same rate i.e. $120.00 per share (or $0.30 of the pre-split value) if they so desire. All terms of the Settlement Agreement were complied with, and a total of six shareholders elected to purchase Lincoln stock (for a total of six shares) as part of the settlement. On July 22, 2002, the Court entered its Order dismissing the action with prejudice. The two Plaintiffs sold their stock back to the Company.

The complaint alleges that Lincoln International Corporation and its directors and officers violated federal security laws (10(b), 13(e) and 20(a) of the Securities Exchange Act of 1934) by misrepresenting or failing to disclose material information about the status of Lincoln International Corporation's assets. As a result of defendants' false and misleading statements and omissions, the defendants were able to purchase stock in Lincoln International for less than its fair value. The class action was filed on behalf of all who were shareholders of Lincoln International Corporation until May of 1997 and who sold their Lincoln stock in response to LTG's tender offer, or shareholders that were forced out of their Lincoln International stock due to the reverse stock split effected by Lincoln in December of 1997.

COMPANY INFORMATION:

Sector: Transportation
Industry: Misc. Transportation
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: LINLK
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: W.D. Kentucky
DOCKET #: 99-CV-00178
JUDGE: Hon. Charles R. Simpson III
DATE FILED: 03/23/1999
CLASS PERIOD START: 04/18/1997
CLASS PERIOD END: 12/05/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Feinberg & Shelton, P.S.C.
    2300 Citizens Plaza, Feinberg & Shelton, P.S.C., KY 40202
    502.589.6060 ·
  2. Sales, Tillman, Wallbaum, Catlett & Satterley PLLC
    1900 Waterfront Plaza; 325 W. Main Street, Sales, Tillman, Wallbaum, Catlett & Satterley PLLC, KY 40202
    502.589.5600 ·
No Document Title Filing Date
COURT: W.D. Kentucky
DOCKET #: 99-CV-00178
JUDGE: Hon. Charles R. Simpson III
DATE FILED: 12/13/1999
CLASS PERIOD START: 04/18/1997
CLASS PERIOD END: 12/05/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Feinberg & Shelton, P.S.C.
    2300 Citizens Plaza, Feinberg & Shelton, P.S.C., KY 40202
    502.589.6060 ·
No Document Title Filing Date