Company background

• Company website

Litigation background

• In re R&G Financial Corporation Securities Litigation
• USDC SDNY (Foley Square) 1:05-cv-04186-JES
• Hon John E Sprizzo
• Filed 4.27.05

Complaint

• 10(b) and 20(a) claims over financial restatement
• Amended complaint  2.22.07
• Answers  10.12.07

• Company
• Galan
• Pratt
• Sandoval

• Answer  11.16.07

• PriceWaterhouseCoopers

Review the independent market valuations used in valuing residual interests retained in securitization transactions

• Press release  4.25.05

Motions to dismiss 

• Company

• Motion and brief  5.04.07
• Reply  7.16.07

• Victor Galan

• Motion and brief  5.04.07
• Reply  7.16.07

• Raymond Pratt

• Motion and brief  5.04.07
• Reply  7.16.07

• Joseph Sandoval

• Motion and brief  5.04.07
• Reply  7.16.07

Plaintiffs' opposition

• Brief  6.18.07

Motion to dismiss is denied

• Opinion  9.10.07

• Oral argument held 9.07.07

Motion to dismiss 

• PWC motion and brief  5.04.07

• Opposition brief  6.18.07

• Reply  7.16.07

Motion to dismiss is denied

• Order  10.19.07

Motion to certify

• General Retirement System of Detroit

• Motion and brief  12.17.07

Settlement

• Motion and brief  5.27.08

Lead plaintiff

• Bernstein Litowitz

Company defense

• Sullivan & Cromwell

Other defense counsel

• PWC:  Orrick Herrington
• Victor Galan (CEO): Simpson Thacher
• Raymond Pratt:  King & Spalding
• Joseph Sandoval:  Milbank Tweed

Scienter: Post-Tellabs

Rule 10b Private Actions