According to the U.S. District Court docket for Southern District of California, on July 9, 2002, the counsel for all parties informed the Court that the cases have settled. On August 16, 2002, the Court entered the Stipulation of Settlement. According to the Stipulation, the defendants agree to pay to the Settlement Class the sum of $2,525,000. On September 27, 2000, two plaintiffs filed notices to opt out of class settlement. On November 1, 2002, the Court entered the Report and Recommendations by Magistrate Judge Louisa S. Porter recommending that the motion for allowance of attorneys' fees and expenses from settlement fund be granted, and further recommending that the district court grants plaintiffs' and class representatives' motion for final approval of the class settlement and pending notice of full disbursement of the settlement fund. On December 3, 2002, the Court entered the Order by U.S. District Judge Napoleon A. Jones Jr. adopting the report and recommendations. According to the Order, the court approves the final settlement and grants class counsel attorneys' fees in the amt of $601,000 and expenses in the amt of $14,451.00 to be deducted from the settlement fund. The court also authorizes reasonable future payments of up to $4,850 to the Claims Adminstrator from the settlement fund. On January 15, 2003, the Court entered the Stipulation of Dismissal with Prejudice and the case was terminated.

As summarized by the docket for the first filed complaint in the U.S. District Court for the Middle District of Florida, on June 13, 2000, the Court entered the Order consolidating all cases and directed parties to file all future pleadings in the lowest numbered case 6:00-cv-244-Orl-19B which shall be the master file. On March 12, 2001, the plaintiffs filed a First Amended Complaint. On March 23, 2001, the Court entered the Order granting in part and denying in part the motion of plaintiffs Dell R. Merritt and Alma B. Owen to service as lead plaintiffs for the consolidated actions. The law firms of Falls & Veach and Tew, Barnes & Atkinson were approved to represent the lead plaintiffs and the class in the action. On April 4, 2001, the defendants filed a consolidated motion to dismiss the securities and common law fraud claims. On July 2, 2001, the Court entered the Order signed by U.S. District Judge William T. Hodges denying the defendants’ motion to dismiss. On September 17, 2001, by Multidistrict Litigation panel order, the case was transferred to the U.S. District Court for the Southern District of California.

Several class actions have been filed in the United States District Court for the Middle District of Florida at Orlando against Baker & Hostetler, L.L.P. and two individuals. The plaintiffs are investors who lost money in a leasing investment program promoted by Alliance Leasing Corp. (Alliance) in 1998. The lawsuits allege that the defendants aided and abetted the fraud of Alliance, violated the securities laws, and otherwise engaged in tortious misconduct.

The lawsuits filed include (1) a class action lawsuit that seeks to represent all Alliance investors throughout the country who invested in the Alliance leasing program between April 20, 1998 and October 7, 1998 (the "Class Period"), and (2) individual class action lawsuits that seek to represent Alliance investors who invested in the Alliance leasing program during the Class Period and who are residents of the following states: Florida, Georgia, North Carolina, Massachusetts, Ohio, Illinois, Tennessee, Arkansas, Michigan, Minnesota, Missouri, Oklahoma, Arizona, Texas, and California.