June 10, 2013 - The court ordered all cases resolved and terminated the case.
May 28, 2013 - The Court issued an order authorizing distribution of the net settlement funds. The appeals period has expired and settlement checks to eligible claimants were prepared and mailed in August 2013.

September 10, 2012 - The court granted the defendants' motion to dismiss.

March 19, 2012 - The court held a final settlement meeting.

February 15, 2012 - The court granted in part and denied in part defendants' motion to dismiss the First Amended Complaint.

November 4, 2011 - Parties filed stipulation of settlement.

November 30, 2010 - 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.

October 30, 2010 - The court entered the orders approving the plan of allocation and the motion for attorneys' fees and expenses.

August 27, 2010 - The court preliminarily approved the settlement.

October 9, 2009 - The court granted the defendants' motion to dismiss and dismissed the complaint.

January 26, 2009 - Additional lead plaintiff motions were filed.

January 12, 2009 - Defendants filed another motion to dismiss.

December 23, 2008 - Another investor filed a complaint in the U.S. District Court for the Western District of Pennsylvania on behalf of investors who purchased National City Corporation (NYSE: NCC) common shares between May 1, 2008 and May 1, 2008.

December 2, 2008 - The Court ordered the transfer of 13 listed cases to the U.S. District Court for the Northern District of Ohio.

October 27, 2008 - Another investor filed a complaint in the U.S. District Court for the Western District of Pennsylvania on behalf of investors who purchased National City Corporation (NYSE: NCC) common shares between May 1, 2008 and May 1, 2008.

October 3, 2008 - Defendants filed a motion to dismiss the consolidated shareholder derivative complaint by National City Corporation Securities, Derivative & ERISA Litigation.

October 2, 2008 - Defendants filed a motion to dismiss the consolidated shareholder derivative by individual defendants complaint.

September 10, 2008 - Defendants filed a motion to dismiss for violations of ERISA Litigation.

June 13, 2008 - The lead plaintiff filed an amended complaint. On behalf of investors who purchased NCC common shares between April 30, 2007 and April 21, 2008. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 30, 2007 and April 21, 2008.

May 12, 2008 - Lead counsel was appointed.

April 14, 2008 - A lead plaintiff was appointed.

April 11, 2008 - Lead plaintiff motions were filed.

April 8, 2008 - All cases were consolidated in a master docket (08-CV-07000) for pre-trial purposes. Subset of cases within master docket will include ERISA Cases (08-CV-00061), Derivative Cases (08-CV-00163) and Securities Cases (08-CV-00209).

January 24, 2008 - An investor in shares of National City Corporation (NYSE: NCC) filed a lawsuit in the U.S. District Court for the Northern District of Ohio against National City Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between April 30, 2007 and January 2, 2008.

According to the complaint the plaintiff charges National City Corporation and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that between April 30, 2007 and January 2, 2008 defendant issued materially false and misleading statements regarding National City Corporation’s business and financial results. As a result of defendants’ false statements, National City Corporation's (NYSE: NCC) stock traded at artificially inflated prices during April 30, 2007 and January 2, 2008, trading above $30 per share.

In October 2000, National City Corporation announced a big decline in earnings due to losses related to its mortgage business but assured the market about the dividend. Then, on January 2, 2008, National City Corporation (NYSE: NCC) announced a 49% reduction in its quarterly dividend to $0.21 per share from $0.41 per share. With this news, National City Corporation’s (NYSE: NCC) stock dropped from $16.46 per share to as low as $15.45 per share, closing at $15.59 per share on January 2, 2008 on volume of over 12.7 million shares.

The true facts, which were known by defendants but concealed from the investing public during April 30, 2007 and January 2, 2008 were as follows: (a) the subprime mortgages on National City Corporation’s books were a much bigger risk to National City Corporation’s financial position than represented; (b) National City Corporation was failing to adequately reserve for mortgage-related exposure, causing its balance sheet and financial results to be artificially inflated; and (c) defendants had no reasonable basis to make favorable predictions about National City Corporation’s future dividend payments and future financial performance given the problems in the business. As a result of defendants’ false statements and omissions, National City Corporation’s (NYSE: NCC) stock traded at artificially inflated prices during April 30, 2007 and January 2, 2008.

National City Corporation, a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services in the United States