June 12, 2015 - The U.S. Court of Appeals for the Fifth Circuit affirmed the judgment of the district court.
August 27, 2013 - The lead plaintiff filed a notice of appeal.

July 30, 2013 - The court ordered the case dismissed with prejudice.

April 26, 2013 - Lead plaintiff filed a second amended complaint.

March 28, 2013 - The court granted the defendants' motions to dismiss without prejudice and permitted repleading as to individual defendants.

June 20, 2012 - Defendants filed motions to dismiss.

April 19, 2012 - The lead plaintiff filed an amended complaint.

February 6, 2012 - Lead plaintiff and lead counsel were appointed.

January 10, 2012 - Lead plaintiff motion was filed.

November 11, 2011 - An investor in shares of Temple-Inland Inc (NYSE: TIN) filed a lawsuit in the U.S. District Court for the Northern District of Texas on behalf of purchasers of Guaranty Financial Group Inc (OTC: GFGFQ) common stock during the period between December 12, 2007 and August 24, 2009.

According to the complaint the plaintiff alleges on behalf of all persons or enitites who purchased or otherwise acquired securities of Guaranty Financial Group Inc (OTC: GFGFQ) between December 12, 2007 and August 24, 2009.

The complaint charges Temple-Inland Inc and certain of Temple-Inland Inc’s and Guaranty Financial Group Inc’s former and current executives with violations of the Securities Exchange Act of 1934. Temple-Inland Inc was a holding company that operated several businesses through its various subsidiaries, including corrugated packaging, forest products, building products, real estate and financial services businesses. Prior to the beginning of the Class Period, Temple-Inland Inc conducted its financial services business through Guaranty Financial Group Inc and Guaranty Bank, which was then a wholly-owned subsidiary of Temple-Inland Inc.

Specifically, the complaint alleges that defendants failed to disclose the following adverse facts, among others: (i) Guaranty Financial Group Inc’s financial results were artificially inflated due to Guaranty Bank’s failure to state certain of its assets at their true fair value; (ii) Guaranty Financial Group Inc improperly delayed the recognition of its impaired assets in order to inflate its reported income and regulatory capital; (iii) Guaranty Financial Group Inc misrepresented its true financial condition, liquidity, capital and ability to repay its debt obligations; (iv) Guaranty Financial Group Inc would be unable to satisfy its future debt obligations as they matured; (v) Guaranty Financial Group Inc’s internal and disclosure controls were materially deficient; (vi) Guaranty Financial Group Inc through Guaranty Bank, was engaged in unsafe and/or unsound banking practices; and (vii) as a result of the foregoing, Guaranty Financial Group Inc’s financial statements were not fairly presented in conformity with generally accepted accounting principles and were materially false and misleading.

On August 24, 2009, Guaranty Financial Group Inc filed a Form 8-K with the SEC disclosing that Guaranty Bank had been closed by the Office of Thrift Supervision and that the Federal Deposit Insurance Corporation had been appointed as receiver to Guaranty Bank. Guaranty Financial Group Inc also disclosed that the New York Stock Exchange had suspended trading in Guaranty Financial Group Inc common stock.