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Case Status:    DISMISSED    
On or around 07/30/1998 (Court's order of dismissal)

Filing Date: March 31, 1998

The original Complaint charges defendants with violations of Sections 10(b) and 20(a) of the Exchange Act in connection with, among other things, their dissemination of materially false and misleading press releases, public filings and/or statements issued during the Class Period concerning Sholodge's financial results.

According to the firm's 10-K filing dated April 14, 1999, the case, styled Lorraine Donergue v. ShoLodge, Inc., et al., Case No. 3-98-0295, alleged that the Company violated Section 10(b) of the Securities Exchange Act of 1934 by issuing allegedly false and misleading statements and financial information to the investing public during 1997. The lawsuit also named as defendants three of the Company's officers. The plaintiff sought an unspecified amount of damages. In August 1998, this case was dismissed with respect to all named defendants.

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