March 13, 2015 - The court preliminarily approved the remaining settlement.
February 18, 2015 - Parties remaining filed a stipulation of settlement.

September 9, 2013 - The court granted in part and denied in part defendants' motions to dismiss.

April 18, 2012 - The court approved the settlement.

September 20, 2011 - The court preliminarily approved the settlement.

August 12, 2011 - Parties filed a stipulation of settlement.

August 1, 2011 - Defendants filed motions to dismiss.

April 29, 2011 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased Colonial BancGroup Inc (NYSE: CNB) common shares between April 18, 2007 and August 6, 2009. The plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 18, 2007 and August 6, 2009.

May 14, 2010 - The court denied defendants' motions to dismiss.

March 19, 2010 - The court granted the joint motion to dismiss of certain defendants without prejudice.

March 12, 2010 - Certain defendants filed a joint motion to dismiss.

December 9, 2009 - Another defendant filed a motion to dismiss.

September 25, 2009 - Defendants filed another motion to dismiss.

September 18, 2009 - Defendants filed motions to dismiss.

June 22, 2009 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased Colonial BancGroup Inc (NYSE: CNB) common shares between April 18, 2007 and January 27, 2009. The plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 18, 2007 and January 27, 2009.

May 7, 2009 - Lead plaintiffs and lead counsel were appointed.

April 17, 2009 - More cases were consolidated.

April 10, 2009 - Lead plaintiff motions were filed.

March 6, 2009 - Cases were consolidated.

February 24, 2009 - Another investor in shares of Colonial BancGroup Inc (NYSE: CNB) filed a lawsuit on behalf of investors who purchased Colonial BancGroup Inc (NYSE: CNB) common shares between January 23, 2008 and January 27, 2009. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between January 23, 2008 and January 27, 2009.

February 20, 2009 - Another investor in shares of Colonial BancGroup Inc (NYSE: CNB) filed a lawsuit on behalf of investors who purchased Colonial BancGroup Inc (NYSE: CNB) common shares between December 2, 2008 and January 27, 2009. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between January 23, 2008 and January 27, 2009.

February 18, 2009 - Another investor in shares of Colonial BancGroup Inc (NYSE: CNB) filed a lawsuit on behalf of investors who purchased Colonial BancGroup Inc (NYSE: CNB) common shares between January 23, 2008 and January 27, 2009. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between January 23, 2008 and January 27, 2009.

February 9, 2009 - An investor in shares of Colonial BancGroup Inc (NYSE: CNB) filed a lawsuit in the U.S. District Court for the Middle District of Alabama on behalf of all persons or entities who purchased the securities of Colonial BancGroup Inc (NYSE: CNB) from December 2, 2008 through January 27, 2009 against Colonial BancGroup Inc and certain of its officers over alleged violations of securities laws.

According to the complaint the plaintiff alleges that Colonial BancGroup Inc and certain of its officers violated the federal securities laws by disseminating materially false and misleading statements contained in a press release and a related filing with the Securities and Exchange Commission concerning the Colonial BancGroup Inc's participation in the Troubled Asset Relief Program ( TARP ). During the trading day on December 2, 2008, Colonial BancGroup Inc issued a press release announcing that it had received TARP funding approval for an injection of $550 million. The press release also detailed the purported terms of the TARP funding with the United States Treasury Department including that the government would received preferred stock as well as warrants to purchase Colonial common stock. In response to that announcement Colonial BancGroup Inc's stock price surged over 50 % from its $2 per share close on December 01, 2008 to close at $3.08 per share on December 2, 2008.

According to the complaint, Colonial BancGroup Inc did not disclose that it would be required to raise additional outside capital of $300 million before it could receive the $550 million in TARP funding. The plaintiff alleges that Colonial BancGroup Inc disclosed that material fact after the markets closed on January 27, 2009 and as a result to that announcement, Colonial BancGroup Inc's stock (NYSE: CNB) price plunged from its close of $1.58 on January 27, 2009 to $0.85 the next trading -- a 46% drop -- on extraordinary volume exceeding 26 million shares.