MORTENSEN v. AMERICREDIT CORP.

No. Civ.A. 3:99CV0789D.

123 F.Supp.2d 1015 (1999)

John MORTENSEN, on behalf of himself and all others similarly situated, Plaintiff, v. AMERICREDIT CORP., et al., Defendants.

United States District Court, N.D. Texas, Dallas Division.

December 22, 1999.


Attorney(s) appearing for the Case

Brian Murray, Rabin & Peckel, New York City, Thomas M. Melsheimer, Nancy Horton Burke, Fish & Richardson, Dallas, TX, for plaintiffs.

Stephen S. Maris, Jenkens & Gilchrist, Dallas, TX, for defendants.


ORDER

FITZWATER, District Judge.

In this securities fraud action that follows the January 13, 1999 decision of defendant AmeriCredit Corp. ("AmeriCredit") to restate its financial results for the second, third, and fourth quarters of fiscal year 1997, all quarters of fiscal year 1998, and the first quarter of fiscal year 1999 based on its decision to calculate earnings using the cash-out rather than the cash-in method under FASB Statement No. 125...

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