December 20, 2010 - The court approved the settlement and entered the orders approving the plan of allocation, awarding attorneys’ fees and expenses, and dismissing the action with prejudice.
September 7, 2010 - The court preliminarily approved the settlement.

August 31, 2010 - Parties filed a stipulation of settlement.

November 2, 2009 - The court denied defendants' motion to dismiss.

September 2, 2009 - Defendants filed a motion to dismiss.

July 24, 2009 - The lead plaintiff filed another amended consolidated complaint.

July 1, 2009 - The court granted in part and denied in part defendants' motion to dismiss with leave to amend.

October 14, 2008 - Defendants filed a motion to dismiss.

September 4, 2008 - The lead plaintiff filed an amended consolidated complaint.

June 20, 2008 - Lead plaintiff and lead counsel were appointed.

May 12, 2008 - Lead plaintiff motion was filed.

April 17, 2008 - Cases were consolidated.

April 2, 2008 - Another investor filed a complaint.

March 12, 2008 - An investor in shares of PMI Group Inc (The) (NYSE: PMI) filed a lawsuit in the U.S. District Court for the Northern District of California against PMI Group Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 2, 2006 and March 3, 2008.

The complaint charges PMI Group Inc (The) with violations of the Securities Exchange Act of 1934. PMI Group Inc (The), through its subsidiaries, provides credit enhancement products designed to promote homeownership and facilitate mortgage transactions in the capital markets in the United States, Australia, New Zealand and the European Union. The complaint alleges that during November 2, 2006 and March 3, 2008, defendants issued materially false and misleading statements regarding the PMI Group Inc (The)’s business and financial results. As a result of defendants’ false statements, PMI Group Inc (The) stock traded at artificially inflated prices during November 2, 2006 and March 3, 2008, reaching its high of $50.21 per share in February 2007. Then, on March 3, 2008, after the market closed, PMI Group Inc (The) announced its preliminary fourth quarter 2007 financial results and that it would be delayed in filing its Form 10-K for year-end 2007 because it was awaiting financial information from an equity investee, FGIC Corporation (“FGIC”), that was necessary for PMI Group Inc (The) to complete its financial statements. On this news, PMI Group Inc (The)’s stock collapsed to $6.43 per share on March 4, 2008, a one-day decline of 5% and an 87% decline from its high in February 2007.

Shareholders filed a lawsuit in the U.S. District Court for the Northern District of California against subprime mortgage insurer PMI Group Inc (The) over losses stemming from the subprime mortgage market collapse. The plaintiffs accuse PMI Group Inc (The) and its executives of insider trading, concealing its exposure to home loan defaults and failing to engage in proper underwriting.