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The Law Firms of Law Offices of J. James Carriero, Esq. And Lowey Dannenberg Bemporad & Selinger, P.C. Announce a Proposed Class Action Settlement.


Business Editors/Legal Writers

NEW YORK--(BUSINESS WIRE)--May 22, 2003

The Law Firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 of Law Offices of J. James Carriero, Esq. and Lowey Dannenberg Bemporad & Selinger, P.C. announce a proposed Class Action Settlement on behalf of persons involved in the purchase of First Central Financial Corporation Common Stock.

The following was released today by the Law Offices of J. James Carriero, Esq. And Lowey Dannenberg Bemporad & Selinger, P.C. law firms.


UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK

     SAM LIPSON
         v.
MARTIN J. SIMON, et al.,          Civil Action No. 98 Civ. 4573  (TCP)

SUMMARY NOTICE OF PENDENCY AND PROPOSED PARTIAL SETTLEMENT OF
CLASS ACTION

TO:  ALL PERSONS WHO PURCHASED COMMON STOCK OF FIRST CENTRAL FINANCIAL
     CORPORATION ("FCFC") DURING THE PERIOD JULY 6, 1995 THROUGH AND
     INCLUDING SEPTEMBER 6, 1997 (THE "CLASS PERIOD").

    THE PARTIAL SETTLEMENT DESCRIBED IN THIS NOTICE IS SUBJECT TO
    COURT APPROVAL. THE COURT WILL NOT MAKE A RULING ON THE PROPOSED
    PARTIAL SETTLEMENT OR FEE APPLICATION UNTIL THE HEARING DESCRIBED
    BELOW.


YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure The Federal Rules of Civil Procedure (FRCP) are rules governing civil procedure in United States district (federal) courts, that is, court procedures for civil suits. The FRCP are promulgated by the United States Supreme Court pursuant to the Rules Enabling Act, and then approved  and an Order of the United States District Court for the Eastern District of New York EDNY redirects here, for other uses see EDNY (disambiguation).

The United States District Court for the Eastern District of New York is the federal district court whose jurisdiction comprises the entirety of Long Island (including the portion in New York City) and Staten
 (the "Court") dated April 4, 2003, that a proposed partial settlement (the "Settlement") pursuant to a Stipulation of Settlement dated March 20, 2003 (the "Stipulation of Settlement"), a Settlement Agreement dated November 1, 2002, (the "Global Settlement Agreement"), and Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment.  dated as of June 28, 2002, as extended through May 31, 2003 (the "Memorandum of Understanding"), in the above-captioned class action (the "Action") has received preliminary approval of the Court and that the Court has certified a Class for purposes of the Settlement.

The Settlement provides for the establishment of a Settlement Fund to be distributed to members of the Class. The Settlement involves a settlement of the claims asserted against only the Defendants Martin J. Simon, Saul Erdman, Herbert V. Friedman, Harvey Mass, Joseph P. Ciorciari, Ralph J. Drabkin, Joan M. Locascio, Andrew W. Attivissimo, Harvey S. Jacobs, Louis V Louis V, king of France
Louis V (Louis the Sluggard), c.967–987, last French king of the Carolingian dynasty; son of King Lothair. His father had him crowned in 979, but he did not become king until Lothair's death in 986.
. Siracusano, Seymour D. Uslan, Joel I. Dollinger, Allan R. Goodman, Raymond Brancaccio and Louis Gottlieb Dr. Louis Gottlieb (1924 – July 11, 1996) was bassist and lofty comic spokesman for The Limeliters. He was considered one of the so-called "new comedy" performers such as Mort Sahl, Nichols and May, and Lenny Bruce: a new generation of unabashed intellectuals.  (the "Individual Defendants"). The Settlement does not involve the Defendant McGladrey & Pullen, LLP LLP - Lower Layer Protocol .

YOU ARE FURTHER NOTIFIED that a hearing will be held before the Honorable Thomas J. Platt at the United States Courthouse, 834 Federal Plaza, Central Islip, New York Central Islip (known colloquially as C.I.) is a census-designated place (CDP) in Suffolk County, New York, U.S., and a hamlet of the Town of Islip. The population was 31,950 at the 2000 census.  11722 at 1:30 p.m. on July 7, 2003 (the "Settlement Hearing"), for the purpose of determining (1) whether the Settlement is fair, reasonable, and adequate and in the best interests of the Class; (2) whether a final judgment should be entered dismissing the Action with prejudice as against the Individual Defendants; and (3) whether the request by Plaintiff's Counsel for an award of attorneys' fees and reimbursement of costs and expenses should be approved.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO PAYMENT FROM THE SETTLEMENT FUND.

To participate in the Settlement, you must file a Proof of Claim no later than October 17, 2003. If you have not yet received the Notice of Pendency Pend´en`cy

n. 1. The quality or state of being pendent or suspended.
2. The quality or state of being undecided, or in continuance; suspense; as, the pendency of a suit s>.
 of Class Action, Proposed Settlement and Settlement Hearing (the "Class Notice"), and accompanying Proof of Claim which describe the proposed Settlement and your rights and obligations in detail, you may obtain copies by writing to:


FCFC Securities Litigation
c/o Complete Claim Solutions, Inc.
P.O. Box 24648
West Palm Beach, FL 33416
Tel. (800) 930-0057
Fax. (561) 651-7788



IF YOU DO NOT FILE A PROPER PROOF OF CLAIM FORM AND HAVE NOT EXCLUDED YOURSELF FROM THE CLASS, YOU WILL NOT SHARE IN THE SETTLEMENT BUT YOU WILL BE BOUND BY THE FINAL JUDGMENT OF THE COURT.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE OR ANY REPRESENTATIVE OF THE INDIVIDUAL DEFENDANTS FOR INFORMATION.

DATED: April 4, 2003

BY ORDER OF THE COURT

United States District Court United States District Court

In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court.


Eastern District of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 
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Date:May 22, 2003
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