April 5, 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.
November 5, 2012 - The court preliminarily approved the settlement.

September 7, 2012 - Parties filed a stipulation of settlement.

March 26, 2010 - The court denied the defendants’ motion to dismiss.

February 2, 2009 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased iStar Financial Inc (NYSE: SFI) common shares between December 6, 2007 and March 6, 2008 The lead plaintiff alleges that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between December 6, 2007 and March 6, 2008.

November 14, 2008 - The lead plaintiffs and lead counsel were appointed and all cases were consolidated.

June 13, 2008 - A lead plaintiff motion was filed.

April 14, 2008 - An investor in shares of iStar Financial Inc (NYSE: SFI) filed a lawsuit in the U.S. District Court for the Southern District of New York against iStar Financial Inc over alleged violations of Federal Securities Laws between December 13, 2007 and February 28, 2008.

According to the complaint, on or about October 9, 2007, iStar Financial Inc filed a Form S-3 Shelf Registration Statement with the Securities and Exchange Commission. On or about December 13, 2007, iStar Financial Inc filed a Prospectus Supplement to the Shelf Registration Statement (the “Registration Statement”) with respect to the secondary offering, which forms part of the Registration Statement, and more than 8 million shares of iStar Financial Inc common stock were sold to the public at $28.41 per share, thereby raising more than $227 million.

The complaint alleges that the Registration Statement negligently failed to disclose that iStar Financial Inc was then being negatively impacted by the adverse conditions in the credit markets and was failing to recognize more than $200 million of losses on its corporate loan and debt portfolio.

On February 28, 2008, iStar Financial Inc issued a press release announcing its financial results for the fourth quarter of 2007 and fiscal year 2007, the period ending December 31, 2007. For the fourth quarter, iStar Financial Inc reported a loss of ($78.7 million) or ($0.62) per share. iStar Financial Inc further reported that its fourth quarter financial results were impacted by $134.9 million of charges associated with the “impairment of two credits” and that iStar Financial Inc had increased its loan loss provisions by $113 million. In response to this announcement and subsequent analyst downgrades, the price of iStar Financial Inc stock declined from $22.85 per share on February 27, 2008, to $13.98 per share on March 6, 2008.

iStar Financial Inc operates as a finance company focusing on the commercial real estate industry.