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Case Status:    SETTLED
On or around 12/05/2000 (Date of order of final judgment)

Filing Date: February 02, 1999

According to the latest docket, on March 31, 2003, the Court entered the Final Distribution Order and the Final Judgment regarding the KPMG Settlement. The case is closed.

As stated in the Notice of Settlement of the Class Action against KPMG Peat Marwick, LLP, dated March 19, 2002, plaintiffs, individually and as representatives of the Class, entered into a proposed settlement of this action that will resolve all claims of the plaintiffs and the Class against defendant KPMG Peat Marwick, LLP. The Settlement is in addition to the $30,000,000 partial settlement previously reached with Assisted Living Concepts and other defendants named in the action. The KPMG Settlement will create a settlement fund that totals $13,500,000 in cash, plus interest. The court has not yet approved this settlement.

On September 29, 2000, all parties filed the Stipulation of Settlement between the plaintiffs and certain Settling Defendants. On November 30, 2000, the Court entered the Order and Final Judgment by U.S. District Judge Ann Aiken. The Stipulation of Settlement was approved action was dismissed with prejudice without costs to any party. The case continued as to defendant KPMG Peat Marwick LLP.

Beginning on February 1, 1999, 12 separate complaints were been filed against the Company and certain officers and directors in the United States District Court for the District of Oregon. On July 23, 1999, a consolidated complaint was filed in connection with this litigation. The consolidated complaint purports to be brought on behalf of a class of purchasers of our common stock from July 28, 1997 through March 31, 1999 and on behalf of a class of purchasers of our 6.0% Debentures and 5.625% Debentures from the date of issuance through March 31, 1999. The consolidated complaint alleges violations of the federal securities laws and seeks unspecified damages. It also names as additional defendants certain of our directors that were not named previously, as well as our independent auditors (solely in connection with our 1998 offering of 5.625% Debentures) and the underwriters in connection with our 1997 offering of 6.0% Debentures.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ALF
Company Market: American SE
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: D. Oregon
DOCKET #: 99-CV-00160
JUDGE: Hon. Ann L. Aiken
DATE FILED: 02/02/1999
CLASS PERIOD START: 07/28/1997
CLASS PERIOD END: 02/01/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
No Document Title Filing Date
COURT: D. Oregon
DOCKET #: 99-CV-00167
JUDGE: Hon. Ann L. Aiken
DATE FILED: 07/23/1999
CLASS PERIOD START: 03/27/1997
CLASS PERIOD END: 01/29/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (Former New York)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (Former New York), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
  2. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  3. Stoll, Stoll, Berne, Lokting & Schlachter
    209 South West Oak Street, Stoll, Stoll, Berne, Lokting & Schlachter, OR 97204
    503.227.1600 503.227.6840 · info@ssbls.com
No Document Title Filing Date
No Document Title Filing Date