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<A HREF='/news-archive/2009/list-index.html#heads'>HEADLINES ARCHIVED</A><br> <A HREF='/news-archive/2009/list-index.html#settles'>SETTLEMENTS AND DISMISSALS ARCHIVED</A></div> </font></font></td> </tr> </table> <hr> <font FACE='Garmond,Helvetica,Times' size=2 color=#330066> <BR> <B>SETTLEMENT NEWS:</B><BR> <BR> <B>Rare Securities Lawsuit Jury Trial Commences in Case with Predatory Lending Issues</B><br>Kevin LaCroix<br><br>The D & O Diary. March 30, 2009</font><BR> <font face='Garmond,Helvetica,Times' size=1 color='#330066'> _________________________________________________________________________ </font> <BR><BR> <font face='Garmond,Helvetica,Times' size=2 color='#330066'> <!--PASTE ON THE LINE BELOW-->EXCERPT: A rare jury trial has commenced in a long-running securities lawsuit that resonates with overtones of the current subprime mortgage meltdown. On March 30, 2009, Northern District of Illinois Ronald Guzman began empanelling a jury in the securities class action lawsuit styled as Lawrence E. Jaffee Pension Plan v. Household International, Inc., a case that has been pending since August 2002. Background regarding the case can be found here. According to the plaintiffs consolidated amended complaint (here), the case was brought on behalf of all persons who acquired Household International securities between October 23, 1997 and October 11, 2002. The plaintiffs contend that during the class period, the defendants concealed that Household "was engaged in a massive predatory lending scheme."<!--PASTE ON THE LINE ABOVE--> </font> </td> </tr> </table> <TABLE witdh=100% align='left' valign='top'> <BR> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='/news.html'> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> News</font></A>&nbsp;page | <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='/news-archive/2009/list-index.html'> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Archived News 2009</font></A>&nbsp;page | <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='#top'><font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Top</font></A>&nbsp; <!--we may use this space--> </font></font></font></TABLE><BR> </td> </tr> </table> <BR> </TD> </TR></TABLE> <BR> </BODY></HTML>