CASE SUMMARY

This lawsuit was brought about by Plaintiffs in the United States District Court for the Eastern District of Washington on January 20, 2004. The case was assigned No. CV-04-0025-FVS.

Plaintiffs allege that the Defendants violated provisions of the federal securities law regarding the completeness and accuracy of the registration statements used to sell Metropolitan and Summit securities to investors. Specifically, Plaintiffs allege that all Defendants violated Section 11 of the Securities Act of 1933 and that the individual Defendants violated Section 15 of the Securities Act of 1933. Plaintiffs allege that the financial statements and text of the registration statements issued during the Class Period were misleading.

The settlement of this lawsuit involves separate settlements with multiple defendants. In 2006 a Notice of Pendency of Partial Settlement was sent to potential class members informing them of a settlement with some, but not all, of the former officers and Directors of Metropolitan and Summit. More recent settlements have been reached with the remaining Defendants, which, if approved, will end this litigation.

Commencing on July 2, 2010, the Claims Administrator mailed Notice Packets with attached Account Statement as well as Proof of Claim and Dispute forms to potential Class Members. You do not need to submit a claim to receive a payment. Your purchases that qualify for a share of the Settlement(s) have been obtained from records of your investments held at Metropolitan Investment Securities and are listed in the Account Statement. If you have investments in Metropolitan and/or Summit Securities which are not listed on the Account Form, you may submit a Dispute Form with supporting documentation to the Claims Administrator for review.

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