Old Banc One Shareholders Securities Litigation

In re Old Banc One Shareholders Securities Litigation, N.D. Ill. Civ. No. 00 C Z100 (WRA), a securities class action where Zwerling Schachter achieved a settlement of $28 million for all claims asserted against Bank One by class members who (a) purchased shares of Banc One Corporation (“Old Banc One”) common stock during the period from August 6, 1998 through October 1, 1998, both dates inclusive, and (b) received Bank One common stock through the conversion of their Old Banc One common stock to Bank One common stock issued in connection with the merger between Old Banc One and First Chicago NBD (“First Chicago”) effective on October 2, 1998 (the “Class”). 

The Class alleged that the Prospectus issued by Bank One in connection with the Merger of Old Banc One and First Chicago contained materially false and misleading statements, including financial statements contained in the Prospectus relating to Old Banc One's credit card subsidiary, First USA Bank, N.A.