March 25, 2013 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
October 16, 2012 - The court preliminarily approved the settlement.

June 15, 2012 - Parties filed a stipulation of settlement.

May 3, 2011 - The lead plaintiff filed an amended complaint.

February 11, 2011 - The lead plaintiff and lead counsel were appointed.

February 4, 2011 - All cases were consolidated.

January 18, 2011 - Lead plaintiff motions were filed.

November 18, 2010 - An investor in Green Bankshares Inc (NASDAQ: GRNB) filed a lawsuit in the U.S. District Court Eastern District of Tennessee Northeastern Division against Green Bankshares Inc over alleged Violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between January 19, 2010 and November 9, 2010.

According to the complaint the plaintiff alleges on on behalf of those purchasing the common stock of Tennessee based Green Bankshares Inc between January 19, 2010 and November 9, 2010, regarding its business, operations and prospects were false and misleading and violated Federal Securities Laws. Green Bankshares Inc Total Assets decreased from $2.944 billion in 2008 to $2.619 billion in 2009. Its Net Income went from a Net Income of $21.26 million in 2006 to a Net Loss of $150.69 million in 2009.

Shares of Green Bankshares Inc began trading in 2006 at $27.35 per share and increased throughout 2006 to almost $40 per share. During 2007 GRNB shares were able to hold its value until Decmber 2008 where GRNB shares fell from over $30 to $18.75 per share. During 2008 traded as high as $22.93 per share, but closed 2007 at under $15 per share. Throughout 2009 GRNB shares decreased to $3.55 on Dec 31, 2009. In 2010 GRNB shares were able to regain some value and traded in June 2010 over $14 per share.

Then on October 20, 2010, Green Bankshares Inc announced for the quarter ended September 30, 2010, net charge-offs increased on a sequential basis to $36.5 million from $4.9 million in the prior quarter. Moreover, Green Bankshares Inc indicated that it had engaged an independent third-party loan reviewer, which contributed to the asset quality-impact reflected in its third quarter results. On this news, so the investigation, shares of Green Bankshares Inc common stock declined $2.79 per share, more than 43%, to close on October 21, 2010, at $3.68 per share. GRNB shares fell another $1 on Wednesday Nov. 10 after Green Bankshares Inc reported is operating results. GRNB shares closed on Friday at $2.65 per share.