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Case Status:    SETTLED
On or around 08/03/2010 (Court's order of dismissal)

Filing Date: January 25, 2010

According to the complaint filed January 25, 2010, the plaintiffs allege herein that the Individual Defendants, separately and together, in connection with the Proposed Transaction are knowingly or recklessly violating their fiduciary duties, including their duties of loyalty, good faith and independence owed Plaintiffs and other public shareholders of Allied, or are aiding and abetting others in violating those duties.

During all relevant times hereto, the Defendants, and each of them, initiated a course of conduct which was designed to and did: (i) permit Ares to attempt to eliminate the public shareholders’ equity interest in Allied pursuant to a defective sales process and materially deficient disclosures, and (ii) permit Ares to buy the Company for an unfair price. In furtherance of this plan, conspiracy and course of conduct, Defendants, and each of them, took the actions as set forth herein.

In March 2010, the case was stayed due to pending settlement in Circuit Court for Montgomery County, captioned In re Allied Capital Corporation Shareholder Litigation, Case No. 322639V.

On August 3, 2010, the parties filed a Stipulation of Dismissal due to the settlement in Maryland state court. That day, Judge Rosemary M. Collyer approved the Stipulation and dismissed the federal action with prejudice.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: ALD
Company Market: New York 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. District Columbia
DOCKET #: 10-CV-00145
JUDGE: Hon. William Walton
DATE FILED: 01/25/2010
CLASS PERIOD START: 10/26/2009
CLASS PERIOD END: 01/25/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein Thompson LLP (Former Washington D.C.)
    The Duvall Foundry, 1050 30th Street, N.W., Finkelstein Thompson LLP (Former Washington D.C.), DC 20007
    202.337.8000 202.337.8090 · contact@finkelsteinthompson.com
  2. Levi & Korsinsky, LLP
    30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004
    212.363.7500 212.363-7171 ·
No Document Title Filing Date