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MORTENSEN v. AMERICREDIT CORP.

No. CIV. A. 3:99-CV-0789.

123 F.Supp.2d 1018 (2000)

John MORTENSEN, et al., Plaintiffs, v. AMERICREDIT CORP., et al., Defendants.

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

April 21, 2000.

Attorney(s) appearing for the Case

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

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

MEMORANDUM OPINION AND ORDER

FITZWATER, District Judge.

This securities fraud action follows defendant AmeriCredit Corporation's ("AmeriCredit's") decision to restate certain financial results to calculate earnings using the cash-out rather than the cash-in method under Financial Accounting Standards Board Statement No. 125 ("FASB No. 125") for valuing credit enhancement assets after the Securities and Exchange Commission ("SEC") clarified that the...

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