April 28, 2015 - The court approved the settlement, the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
December 18, 2014 - The court preliminarily approved the settlement.

September 8, 2014 - Plaintiffs filed another supplemental motion for entry of order preliminarily approving settlement.

August 14, 2014 - The court denied the motion for preliminary approval of the settlement.

July 24, 2014 - Plaintiffs filed a supplemental motion for entry of order preliminarily approving settlement.

April 1, 2014 - The court denied the motion for preliminary approval of the settlement.

September 10, 2013 - Parties filed a stipulation of settlement.

January 3, 2013 - The lead plaintiff filed a revised amended complaint.

July 10, 2012 - The lead plaintiff filed an amended complaint on behalf of investors who purchased JBI Inc (OTC: JBII) common shares between August 28, 2009 and January 4, 2012. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between August 28, 2009 and January 4, 2012.

May 11, 2012 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

September 26, 2011 - Lead plaintiff motion were filed.

July 28, 2011 - An investor in shares of JBI Inc (OTC: JBII) filed a lawsuit in the U.S. District Court for the District of Nevada against JBI Inc over alleged Violations of Federal Securities Laws. The investor lawsuit follows a recent sharp stock price decline.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased the securities of JBI Inc (OTC: JBII), between August 28, 2009 and July 20, 2011, JBI Inc and certain of its current and former executive officers violated between August 28, 2009 and July 20, 2011 the Securities Exchange Act of 1934 by knowing or recklessly disregarding that their public statements concerning JBI Inc’s business, operations and prospects were materially false and misleading at the time they were made.

Specifically, on May 21, 2010, JBI Inc announced that its previously issued financial statements for the 2009 fiscal year and third quarter should no longer be relied upon due to the accounting treatment and related disclosures of two acquisitions completed in 2009, and the valuation of media credits acquired by JBI Inc. through the issuance of common stock.

JBI Inc reported an increase in its annual Total Revenue from $3.91million in 2009 to $12.42million in 2010. However its Net Income, respectively its Net Loss grew from a Net Loss of $1.84million in 09 to a Net Loss of $14.34million in 2010. Even though JBI Inc reported a lower first quarter Net Loss for the first quarter in 2011 of $2.76million compared to a first quarter Net Loss of $3.18million a year earlier, its first quarter Revenue decreased from $3.57million last year to $2.20million for the first quarter this year.

Shares of JBI Inc (OTC: JBII) rose on June 15, 2011 to as high as $4.15 per share, but fell on July 15, 2011 to as low as $1.75 per share after JBI Inc disclosed that on July 14, 2011, the staff of the U.S. Securities and Exchange Commission’s (SEC) Division of Enforcement issued a “Wells Notice” to JBI Inc, indicating that the staff intended to recommend that the SEC file a civil lawsuit alleging that JBI Inc violated certain provisions of the federal securities laws .

JBI Inc also disclosed that based on communications with the Enforcement staff, it believes that the proposed lawsuit relates to JBI Inc’s subsequently restated financial statements for the third quarter of 2009, which were included in its Form 10-Q filed on November 16, 2009 and its financial statements for the year ended December 31, 2009, which were included in its 2009 Form 10-K filed on March 31, 2010.

JBI Inc (OTC: JBII) stock closed last week’s trading at $1.76 per share.