Plaintiffs allege that the Defendants, among other things, made false and misleading statements during the class period (March 27, 1997 through and including January 29, 1999) related to the financial position of the company; which artificially inflated the market price of ALC common stock and debentures therefore causing damage to class members.
You are a class member if you purchased or acquired common stock of Assisted Living Concepts Inc ("ALC") from March 27, 1997 thru January 29, 1999, inclusive; purchased or acquired ALC's 6% convertible subordinated debentures due Nov 2002 from Oct 21, 1997 thru January 29, 1999 inclusive; and/or purchased or acquired ALC's 5 5/8% convertible subordinated debentures due May 2003 from July 22, 1998 thru January 29, 1999, inclusive.
The details about the Settlement and process for filing are contained in the notice and proof of claim.

Update

This case has been settled. The Claims Administrator for this litigation is The Garden City Group, Inc. The deadline for submitting a proof of claim was July 31, 2002. The details about the Settlement and process for filing are contained in the notice and proof of claim. If you would like further information about the settlement, please go to www.gardencitygroup.com.