June 29, 2012 - The court held a final settlement hearing and approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
March 8, 2012 - The court preliminarily approved the settlement.

January 5, 2012 - Parties filed a stipulation of settlement.

July 18, 2011 - The court denied the defendants motion to dismiss.

April 11, 2011 - The defendants filed a motion to dismiss.

March 14, 2011 - The lead plaintiff filed an amended complaint on behalf of investors who purchased Meta Financial Group Inc (NASDAQ: CASH) common shares between May 14, 2009 and October 18, 2010. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 14, 2009 and October 18, 2010.

January 12, 2011 - The lead plaintiff and lead counsel were appointed.

December 21, 2010 - A lead plaintiff motion was filed.

December 14, 2010 - The plaintiff that filed the October 22, 2010 complaint filed a notice of voluntary dismissal.

November 5, 2010 - Another investor filed a complaint.

October 22, 2010 - An investor in shares of Meta Financial Group Inc (NASDAQ: CASH) filed a lawsuit in the U.S. District Court for the Northern District of Iowa against Meta Financial Group Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 14, 2009 and October 12, 2010.

According to the complaint the plaintiff alleges on behalf of purchasers of the common stock of Meta Financial Group Inc between May 14, 2009 and October 12, 2010 that Meta Financial Group Inc and certain of its officers issued between May 14, 2009 and October 12, 2010 a series of materially false and misleading statements related to Meta Financial Group Inc’s business and operations in violation of the Securities Exchange Act of 1934. Meta Financial Group Inc had as of September 30, 2009 $834.78million in Total Assets. While Meta Financial Group Inc was able to report a 12month Net Income of $3.69million on Sept. 30, 2006, it had to report a Net Loss of $1.46million on September 30, 2009. NASDAQ: CASH shares reached over $40 per share in 2007 and were able to hold $40 per share in the beginning of 2008. NASDAQ: CASH shares traded at as little as $7.44 in March 2009. Recently shares of Meta Financial Group Inc (NASDAQ: CASH) fell from $32.75 on Oct. 11, 2010 to under $20 on October 13, 2010. On October 12, 2010, Meta Financial Group Inc had announced in a filing with the U.S. Securities Exchange Commission ( SEC ) that the Office of Thrift Supervision ( OTS ) had advised Meta Financial Group Inc, as early as October 6, that it has determined that the Meta Financial Meta Financial Group’s wholly owned subsidiary MetaBank had engaged in unfair or deceptive acts or practices in violation of Section 5 of the Federal Trade Commission Act and the OTS Advertising Regulation in connection with the Bank's operation of the iAdvance program, and required the Bank to discontinue all iAdvance line of credit origination activity by October 13, 2010.”

Meta Financial Group Inc’s report further stated it is anticipated that the discontinuance of the iAdvance program and the potential discontinuance of the tax-related programs will eliminate a substantial portion of [the Company's] gross profit (net revenue less direct expenses). In addition, the discontinuance of the iAdvance program may result in elevated rates of nonpayment on outstanding iAdvance loans.