January 5, 2012 - The court granted the stipulation and dismissed all claims.
January 4, 2012 - The lead plaintiffs filed a stipulation of dismissal.

September 28, 2011 - The court affirmed the judgment of the District Court.

September 17, 2010 - The lead plaintiffs filed an amended notice of appeal.

September 3, 2010 - The court entered a judgment in favor of the defendants.

June 15, 2010 - The lead plaintiff filed a notice of appeal.

May 18, 2010 - The court granted the defendants' motion to dismiss with prejudice and the case was closed.

February 12, 2010 - Defendants filed a motion to dismiss for failure to state claim.

December 23, 2009 - The lead plaintiff filed a second amended consolidated complaint.

November 13, 2009 - The court granted the defendants' motion to dismiss without prejudice and granted plaintiff leave to file an amended complaint.

August 31, 2009 - Defendants filed a motion to dismiss.

August 20, 2009 - The court denied the plaintiff's motion to transfer case.

July 29, 2009 - The lead plaintiff filed an amended consolidated complaint.

July 23, 2009 - The lead plaintiff filed a motion to transfer case to the U.S. District Court for the District of Puerto Rico.

June 18, 2009 - The lead plaintiff and counsel were appointed.

March 2, 2009 - Lead plaintiff motions were filed.

December 30, 2008 - An investor in shares of Horizon Lines Inc (formerly NYSE: HRZ now trading on the OTC sheets as HRZL) filed a lawsuit in the U.S. District Court for the District of Delaware against Horizon Lines Inc over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff charges Horizon Lines Inc and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that between March 2, 2007 and April 25, 2008 defendant issued materially false and misleading statements regarding Horizon Lines Inc's business and financial results.

Among other things, plaintiff alleges that defendants misled investors as to Horizon Lines Inc’s (NYSE: HRZ) profitability and artificially inflated its stock price, by entering into improper price-fixing agreements with competitors, in violation of federal antitrust laws. Then on April 17, 2008, Horizon Lines Inc shocked investors when it revealed that it was the subject of an antitrust investigation being conducted by the United States Department of Justice Antitrust Division. On this news, Horizon Lines Inc’s (NYSE: HRZ) shares declined $3.53 per share, or 19.36 percent, to close on April 17, 2008, at $14.70 per share, on unusually heavy trading volume. On April 25, 2008, Horizon Lines Inc announced its financial results for the 2008 fiscal first quarter ended March 23, 2008, and revised downward Horizon Lines Inc’s earnings guidance for the 2008 fiscal year. This news caused Horizon Lines Inc’s shares to decline $3.83 per share, or 23.10 percent, to close on April 25, 2008, at $11.25 per share, so the lawsuit. On October 1, 2008, the United States Department of Justice Antitrust Division issued a press release announcing that four shipping executives – including three Horizon employees – had agreed to plead guilty for their roles in a conspiracy to eliminate competition and raise prices for the movement of goods between the U.S. and Puerto Rico shipping lane, by agreeing not to compete for one another’s customers, agreeing to rig bids submitted to government and commercial buyers, and agreeing to fix the prices of rates, surcharges and other fees charged to customers.