| In
re DVI, Inc. Sec. Litig., 2:03-cv-5336 (E.D. Pa): Final
Approval of Partial Settlements in Securities Fraud Action
On November 9, 2006, the
United States District Court for the Eastern District
of Pennsylvania, the Honorable Legrome D. Davis, approved
a partial settlement of claims asserted against three
defendants in this case. The three settling defendants,
OnCure Medical Corp., Dolphin Medical, Inc. and PresGar
Imaging LC, are referred to in the case as "Special
Relationship Entities" ("SREs"). The
SREs were alleged to have engaged in a scheme, in violation
of s10(b) and Rule 10b-5 (a) and (c), to conceal for
DVI substantial impairments in certain loan and lease
assets recorded on DVI's books. The terms of the settlement
provide a $2,885,000 cash payment from these defendants
to the Class. The Class comprises all purchasers of
DVI, Inc. common stock and 9 7/8% Senior Notes, who
purchased those securities from and including August
10, 1999 through August 13, 2003. A copy of the the
Court's order approving the settlement is provided here.
Notices and Claim Forms regarding the Settlement were
mailed on or about September 1, 2006, and must be filed
with the Claims Administrator on or before January 3,
2007. A copy of the Claim Form is provided here.
Order
Approving OnCure Dolphin PresGar Settlement &
Fees
DVI
Notice
DVI
Proof of Claim
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