May 7, 2013 - The court ordered the authorization of the distribution of the net settlement fund.
November 2, 2011 - The court approved the settlement and entered the orders approving the plan of allocation, awarding attorneys’ fees and expenses.

June 20, 2011 - The court preliminarily approved the settlement.

June 17, 2011 - Parties filed a stipulation of settlement.

August 2, 2010 - The court granted in part and denied in part defendants' motions to dismiss.

January 11, 2010 - Defendants filed motions to dismiss.

October 19, 2009 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Popular Inc (NASDAQ: BPOP) common shares between January 24, 2008 and February 19, 2009. The lead plaintiffs allege that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between January 24, 2008 and February 19, 2009.

August 21, 2009 - Lead plaintiffs and lead counsel were appointed.

July 13, 2009 - Lead plaintiff motions were filed.

July 7, 2009 - Cases were consolidated.

June 25, 2009 - Another investor filed a complaint.

May 14, 2009 - An investor in shares of Popular Inc (NASDAQ: BPOP) filed a lawsuit in the U.S. District Court for the District of Puerto Rico on behalf of purchasers of the securities of Popular Inc (NASDAQ: BPOP) between January 23, 2008 and January 22, 2009 against Popular Inc and certain of its officers over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges that Popular Inc and certain of its officers violated the Exchange Act by failing to disclose between January 23, 2008 and January 22, 2009 material adverse facts about Popular Inc’s true financial condition, business and prospects. Then on January 22, 2009, Popular Inc announced its financial results for the fourth quarter and year end of 2008, the period ended December 31, 2008. For the quarter, the Company reported a net loss of $702.9 million, citing to a higher provision for loan losses, among other things. In response to this announcement, shares of Popular Inc's common stock fell $2.52 per share, or 50%, to close at $ 2.46 per share, on heavy trading volume.

Popular Inc, located in Hato Rey, PR, is a diversified bank holding company. Popular Inc operates in three target markets: Puerto Rico, the mainland United States, and processing and other technology services in Puerto Rico, Venezuela, Florida and the Dominican Republic. Popular Inc shares (BPOP) traded recently at $2.93 per share, down from a 52weekHigh of $12.45 per share and $18.87 per share in 2007 and almost $28 per share in 2005.