Palm Desert National Bank ERISA Class Action Settlement

• Rule 58 Entry of Final Judgement

• Final Order and Judgement for Settlement Approval

• Memorandum of Points and Authorities ISO Motion for Final Approval of Proposed Settlement

• Declaration of Nicholas Saakvitne re Timely Compliance with Class Notice Requirement

• Declaration of Peter Meringolo ISO Motion for Final Approval of Proposed Settlement

• Notice of Class Action Settlement

• Court issues Amended Order Granting Preliminary Approval of Settlement and setting Final Fairness Hearing for May 22, 2012 at 9:00am.

• On December 22, 2011, the Court issued an Order Granting Preliminary Approval of the Class Action Settlement.  A copy of the order can be found here.   A Final Fairness Hearing will be scheduled in May, 2012 by a subsequent order of the Court.  Please note that the March 6, 2012 date for the Final Fairness Hearing set forth in the order will be changed.

• Dec. of RLKassekert ISO Plaintiffs' Motion for Preliminary Approval of Proposed Settlement (00037504)

• Proposed Class Action Settlement Agreement

  • Proposed Plan of Allocation

• MPA in Support of Motion for Preliminary Approval of Proposed Settlement (00037503)

• SMO successfully opposes Motion to Dismiss on behalf of Plaintiffs in the Palm Desert ERISA Class Action. A copy of the Court's order is here.

• SMO's opposition brief to the motion can be found here.

• SMO files ERISA Class Action against Palm Desert Investments and Palm Desert National Bank, et al, alleging breach of fiduciary duty.