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Case Status:    SETTLED
On or around 04/27/2000 (Date of order of final judgment)

Filing Date: April 18, 1997

According to the closing Order, dated 4/21/2000 from U.S. District Judge David H. Coar of the United States District Court for the Northern District of Illinois, the court gives final approval of the parties' stipulation of settlement. The Stipulation and the Settlement are approved as fair, reasonable and adequate in the best interest of the class. The complaint is hereby dismissed with prejudice and without costs, except as provided in the stipulation, as against each and all of the defendants.

According to a Press Release dated 4/18/97, the complaint charges First Merchants and certain officers and directors of the Company during the relevant time period with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by, among other things, issuing to the investing public false and misleading financial statements and press releases concerning First Merchants' income and earnings. Because of the
issuance of a series of false and misleading financial statements and press
releases concerning First Merchants' income and earnings, the price of First
Merchants common stock was artificially inflated during the Class Period.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: FMAC
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 #: 97-CV-2715
JUDGE: Hon. David H. Coar
DATE FILED: 04/18/1997
CLASS PERIOD START: 04/18/1996
CLASS PERIOD END: 04/16/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kenneth A. Elan (Chicago )
    30 North LaSalle Street, Suite 3200, Kenneth A. Elan (Chicago ), IL 60602
    312782.4880 · mmiller@millerfauchner.com
  2. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
No Document Title Filing Date
COURT: N.D. Illinois
DOCKET #: 97-CV-2715
JUDGE: Hon. David H. Coar
DATE FILED: 11/21/1997
CLASS PERIOD START: 09/23/1994
CLASS PERIOD END: 04/16/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kahn & Associates, Ltd.
    One Northfield Plaza Suite 100, Kahn & Associates, Ltd. , IL 60093-1211
    847/501.5083 ·
  2. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
No Document Title Filing Date