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Case Status:    SETTLED
On or around 08/19/2002 (Date of order of final judgment)

Filing Date: October 29, 1998

According to the Order on Final Judgment entered on August 19, 2002, U.S. District Judge Paul C. Huck approves the terms and conditions of the motion for Preliminary Approval of Class Action Settlement filed on April 29, 2002. The Plaintiff's counsel is awarded 30% of the settlement fund being the sum of $525,000.00 in fees. The case is closed.

The original Complaint charges National Auto and certain of its officers and directors, with violating the federal securities laws. The plaintiff claims that defendants misrepresented and concealed material facts concerning the Company's financial results, including that the Company was artificially inflating its revenue and earnings by, inter alia, concealing (through misstatements of fact, fraudulent accounting, and non-compliance with disclosure rules promulgated by the SEC) the existence of serious deficiencies in the servicing and collection of loans by the Company's outside loan servicer, and the fact that these serious deficiencies caused delinquencies and losses to increase.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: NAFI
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: S.D. Florida
DOCKET #: 98-CV-08767
JUDGE: Hon. Donald M. Middlebrooks
DATE FILED: 10/29/1998
CLASS PERIOD START: 01/29/1997
CLASS PERIOD END: 04/15/1998
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. Curtis V. Trinko LLP
    16 West 46th Street 7th Floor, Curtis V. Trinko LLP, NY 10036
    212.490.9550 212.986.0158 · ctrinko@trinko.com
  3. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
No Document Title Filing Date
COURT: S.D. Florida
DOCKET #: 98-CV-08767
JUDGE: Hon. Donald M. Middlebrooks
DATE FILED: 07/12/2000
CLASS PERIOD START: 01/29/1997
CLASS PERIOD END: 04/15/1998
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. Curtis V. Trinko LLP
    16 West 46th Street 7th Floor, Curtis V. Trinko LLP, NY 10036
    212.490.9550 212.986.0158 · ctrinko@trinko.com
  3. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
No Document Title Filing Date
No Document Title Filing Date