In re DVI Inc. Securities Litigation

C&T serves as liaison counsel for this securities action brought in 2003 in the United States District Court for the Eastern District of Pennsylvania on behalf of a now certified class of purchasers of DVI Securities (who purchased between August 10, 1999 and August 13, 2003) for violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.  In November, 2006, the Court approved a settlement as to certain entity defendants for a total Partial Settlement of $2,885,000.  In August, 2007, the Lead Plaintiffs entered into a Partial Settlement with three of the named Defendants who are former outside directors of DVI, for a cash payment of $3,250,000, which was funded from the Settling Defendants' personal assets. In March, 2008, the Lead Plaintiffs entered into a Partial Settlement with one of the named Defendants in this Litigation, Merrill Lynch & Co., Inc. for a cash payment of $4,500,000. The remaining Defendants include former officers and directors of DVI, and its former auditor Deloitte & Touche LLP. 

03-CV-04353, (USDC E.D. Pa)