August 28, 2007 - The U.S. Court of Appeals for the Seventh Circuit affirmed the court's decision and dismissed the case.
January 16, 2007 - The plaintiffs filed a notice of appeal.

December 15, 2006 - The court granted defendants’ motion to dismiss with prejudice.

July 17, 2006 - The defendants filed a motion to dismiss.

June 16, 2006 - The plaintiffs filed a third amended complaint.

May 17, 2006 - The court granted the defendants’ motion to dismiss without prejudice and the plaintiffs were granted leave to file another amended complaint.

November 15, 2005 - The defendants filed a motion to dismiss.

October 7, 2005 - The lead plaintiff filed an amended complaint.

September 21, 2005 -The court denied the defendants' motion to dismiss.

January 18, 2005 - The defendants filed a motion to dismiss.

November 2, 2004 -The lead plaintiff filed an amended consolidated complaint.

July 21, 2004 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

June 4, 2004 - Lead plaintiff motions were filed.

April 2, 2004 - An investor in shares of McDonald's Corporation (NYSE: MCD) filed a lawsuit against McDonald's Corporation over alleged violations of Federal Securities Laws.

The complaint charges McDonald's Corporation and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that between December 14, 2001 and January 22, 2003, defendants issued false and misleading statements to the marketplace that artificially inflated the price of McDonald's Corporation's shares. In particular, the Company misrepresented its business and future prospects by failing to disclose and misrepresenting that hundreds of its restaurants were underperforming and that the Company had incurred hundreds of millions of dollars in unrecorded asset impairment and other charges.

The complaint further alleges that defendants' scheme began to unravel when in September 2002, the Company reported that 'comparable sales' (i.e., year-over-year sales comparisons for restaurants that had been open for more than thirteen months) had continued to decline, especially in U.S. and European markets, making it impossible for the Company to meet its 2002 earnings guidance. Then on January 23, 2003, defendants announced that the Company had incurred losses of more than $810 million related, primarily, to the closure of over 700 underperforming restaurants and the write-off of hundreds of millions of dollars of previously capitalized technology costs. Prior to the disclosure of the adverse facts described above, the Company completed fixed-rate debt offerings of at least $900 million at highly favorable interest rates. In addition, the Individual Defendants, as well as other McDonald Corporation's insiders, sold over 939,000 shares of McDonald Corporation's (NYSE: MCD) common shares, at or near market highs, generating proceeds of more than $26 million.