October 3, 2008 - The lead plaintiff filed a notice of voluntary dismissal with prejudice.
September 5, 2008 - Lead plaintiff and lead counsel were appointed.

September 2, 2008 - A lead plaintiff motion was filed.

July 1, 2008 - An investor in shares of Fimalac SA (PARIS: FIM.PA) filed a lawsuit in the U.S. District Court for the Southern District of New York against Fimalac SA over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff charges Fimalac SA and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that between July 26, 2006 and April 21, 2008 defendant issued materially false and misleading statements regarding Fimalac SA's business and financial results. Fitch Ratings Limited, a majority owned subsidiary of Fimalac SA, assigns credit ratings to structured finance transactions. Fitch Ratings Limited's core business practice of rating residential mortgage-backed securities (RMBS) and collateralized debt obligation (CDO) transactions was extremely profitable for Fitch Ratings Limited, which enabled it to report strong growth, which, in turn, drove Fimalac SA's (PARIS: FIM.PA) stock price to a Class Period high of EUR 80.98 per share on May 22, 2007.

The complaint charges that Fimalac SA failed to disclose to investors during the Class Period that: (i) the information upon which Fitch Ratings Limited based its ratings of RMBS and CDOs was misleading and in many cases fraudulent; (ii) to continue to collect fees for its ratings, Fitch Ratings Limited was applying lax standards or no standards at all when issuing its RMBS and CDO ratings; and (iii) Fitch Ratings Limited was failing to monitor the credit quality of RMBS and CDOs after issuing its initial ratings, as Fitch Ratings Limited was obligated to do, and many of these securities had deteriorated badly after Fitch Ratings Limited had issued its ratings. Fitch Ratings Limited is now under investigation by the New York Attorney General, the Connecticut Attorney General, the Ohio Attorney General and the SEC as a result of its practices of rating billions of dollars of securities without a reasonable basis for doing so and Fimalac SA's (PARIS: FIM.PA) stock is trading at approximately 50% of its Class Period high.

Fimalac SA is a France-based international financial services company, providing financial ratings and enterprise risk management solutions.