November 18, 2010 - The U.S. Court of Appeals for the Second Circuit affirmed the district court's decision.
September 2, 2009 - The lead plaintiffs filed a notice of appeal.

August 7, 2009 - The court entered a judgment in favor of the defendants and ordered the case closed.

August 4, 2009 - The court granted the defendants' motion to dismiss.

April 30, 2009 - The defendants filed a motion to dismiss.

March 13, 2009 - The lead plaintiffs filed a second amended complaint.

January 12, 2009 - The court granted the defendants' motion to dismiss and granted plaintiff leave to file an amended complaint.

August 21, 2008 - The defendants filed a motion to dismiss.

July 7, 2008 - The lead plaintiffs filed an amended consolidated complaint.

May 5, 2008 - The lead plaintiffs and lead counsel were appointed and all cases were consolidated.

March 18, 2008 - Lead plaintiff motions were filed.

February 15, 2008 - Another investor filed a complaint.

February 11, 2008 - Another investor filed a complaint.

February 4, 2008 - Another investor filed a complaint.

January 31, 2008 - Another investor filed a complaint.

January 18, 2008 - An investor in shares of Centerline Holding Company (NYSE: CHC now trading on the OTC sheets as OTC: CLNH) filed a lawsuit in the U.S. District Court for the Southern District of New York against Centerline Holding Company over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements between March 12, 2007 and December 28, 2007.

The complaint alleges that defendants, Centerline Holding Company, and certain of its officers and directors issued a series of materially false and misleading statements about Centerline Holding Company’s business model and financial condition, including statements concerning its portfolio of tax-exempt first mortgage bonds, which generated the majority of the Centerline Holding Company’s revenues and supported Centerline Holding Company’s $1.68 per share annual dividend. Defendants’ statements concealed from the investing public that Defendants were in the midst of structuring a sale of Centerline Holding Company’s mortgage revenue bond portfolio to a third party. On December 28, 2007, Centerline Holding Company shocked the financial markets with a press release announcing that Centerline Holding Company had sold its “$2.8 billion tax-exempt affordable housing bond portfolio” to a third party and, in the process, transformed Centerline Holding Company’s business model to a pure asset management firm. As a result of this transaction, Centerline Holding Company disclosed that it would be slashing its annual dividend from $1.68 per share to only $0.60 per share. Even more shocking was the revelation that defendants had entered into a related party transaction with a company owned by certain of the defendants called The Related Companies, L.P. (”TRCLP”), whereby TRCLP agreed to provide Centerline Holding Company (NYSE: CHC) $131 million in financing, in exchange for 12.2 million shares of newly-issued convertible preferred stock that will pay Centerline Holding Company insiders an 11% dividend. In reaction to this news, the price of Centerline Holding Company (NYSE: CHC) stock plummeted from $10.27 per share on December 27, 2007, to close at $7.70 per share on December 28, 2007, representing a 25% single-day decline, on unusually heavy trading volume of 4,152,688 shares