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Case Status:    SETTLED
On or around 11/05/2012 (Date of order of final judgment)

Filing Date: December 20, 2010

According to the complaint filed December 20, 2010, throughout the Class Period, which begins with the Company's incorporation in September 2006, the Company and certain of its officers and directors engaged in a scheme to manipulate and artificially inflate the market price of Alternate Energy stock by (1) paying stock promoters to creating artificial demand in the marketplace through end of day stock purchases, (2) misrepresenting that Company's officers and directors never sold any shares of the Company's stock; and (3) misrepresenting the Company's true financial condition and potential business prospects.

On April 7, 2011, Judge B. Lynn Winmill appointed Jerry Pehlke, Jr., as Lead Plaintiff for the class, and approved Mr. Pehlke's choice of counsel. Accordingly, the Rosen Law Firm, PA is appointed Lead Counsel and the Gordon Law Offices is appointed Liaison Counsel. On June 17, 2011, the plaintiff filed an Amended Complaint. The defendants responded by filing a motion to dismiss the Amended Complaint, and on December 19, 2011, Judge B. Lynn Winmill denied the motion to dismiss.

On July 16, 2012, the parties entered into a Stipulation and Agreement of Settlement.

On July 20, 2012, the Court issued an Order preliminarily approving the settlement.

On November 5, 2012, the Court issued an Order awarding attorneys' fees. Also on the same date, the Court entered the Order and Final Judgment.

COMPANY INFORMATION:

Sector: Energy
Industry: Alternative Energy
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AEHI
Company Market: Pink Sheets
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. Idaho
DOCKET #: 10-CV-00634
JUDGE: Hon. B. Lynn Winmill
DATE FILED: 12/20/2010
CLASS PERIOD START: 09/20/2006
CLASS PERIOD END: 12/14/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gordon Law Offices
    623 West Hays, Gordon Law Offices, ID 83702
    208.345.7100 208.345.7100 ·
  2. The Rosen Law Firm, P.A. (New York)
    350 Fifth Avenue, Suite 5508, The Rosen Law Firm, P.A. (New York), NY 10118
    212.686.1060 212.202.3827 · lrosen@rosenlegal.com
No Document Title Filing Date
COURT: D. Idaho
DOCKET #: 10-CV-00634
JUDGE: Hon. B. Lynn Winmill
DATE FILED: 06/17/2011
CLASS PERIOD START: 10/23/2006
CLASS PERIOD END: 12/14/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date