Arch Leasing Corporation Trust Case 11/26/2008

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Company Name(s): 
Arch Leasing Corporation Trust
Case Name: 
Arch Leasing Corporation Trust Case 11/26/2008
Case Status: 
Lawsuit Filed
Case Status: 
Judgment Issued
Case Status: 
Settlement Proposed
Case Status: 
Settlement Approved
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Class Period Begin: 
05/19/1995
Class Period End: 
01/01/2001
Court of Filing: 
United States District Court for the Eastern District of Missouri
Date Settled: 
08/28/2008
Settlement Amount: 
$2,100,000
Deadline to Participate in Settlement: 
11/26/2008
Summary: 

The shareholder class action brought against Arch Leasing Corporation Trust on behalf of shareholders who purchased or otherwise acquired Ser. 1 Coll. Tr. Bonds, was settled w in August for approximately $2.1 million.

Defendants have denied and continue to deny each and all of the claims and contentions alleged by the Plaintiffs on behalf of the Class Members and deny all allegations of wrongdoing or liability whatsoever.