EXHIBIT 2.7
IN THE UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
CASE NO. 98-8030-CIV-HURLEY
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LEONARD ROSENBLUM, J/B INVESTMENT
PARTNERS, SMALL AND REBECCA BARMACK,
PARTNERS, BARBARA HALL, HENRY R.
GRAHAM, ANNE R. GRAHAM, MARGO CORTELL,
PATRICK M. RHODES, BERNICE M. HUELS,
GARRETT N. VOIGHT, CLAIRE E. FULCHER,
MARCELLA LEVY, RICHARD HODGSON, CITY
PARTNERSHIPS, HELMAN PARSONS AND CLEVA
PARSONS, on behalf of themselves and
all others similarly situated and
derivatively on behalf of the Nominal
Defendants,
Plaintiffs,
vs.
EQUIS FINANCIAL GROUP LIMITED
PARTNERSHIP, a Massachusetts, Limited
Partnership, EQUIS CORPORATION, a
Massachusetts Corporation, GDE
ACQUISITION LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership, AFG
LEASING INCORPORATED, a Massachusetts
Corporation, AFG LEASING IV
INCORPORATED, a Massachusetts
Corporation, AFG LEASING VI
INCORPORATED, a Massachusetts
Corporation, AFG AIRCRAFT MANAGEMENT
CORPORATION, a Massachusetts
Corporation, AFG ASIT CORPORATION, a
Massachusetts Corporation, AF/AIP
PROGRAMS LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership,
GARY D. ENGLE and GEOFFREY A.
MACDONALD,
Defendants,
AIRFUND I INTERNATIONAL LIMITED
PARTNERSHIP, a Massachusetts Limited
Partnership, AIRFUND II INTERNATIONAL
LIMITED PARTNERSHIP, a Massachusetts
Limited Partnership, AMERICAN INCOME 4
LIMITED PARTNERSHIP, a Massachusetts
Limited Partnership, AMERICAN INCOME 5
LIMITED PARTNERSHIP, a Massachusetts
Limited Partnership, AMERICAN INCOME 6
LIMITED PARTNERSHIP, a Massachusetts
Limited Partnership, AMERICAN INCOME 7
LIMITED PARTNERSHIP, a Massachusetts
Limited Partnership, AMERICAN INCOME 8
LIMITED PARTNERSHIP, a Massachusetts
Limited Partnership, AMERICAN INCOME
PARTNERS III-A LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership,
AMERICAN INCOME PARTNERS III B LIMITED
PARTNERSHIP, a Massachusetts Limited
Partnership, AMERICAN INCOME PARTNERS
III-C LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership,
AMERICAN INCOME PARTNERS III-D LIMITED
PARTNERSHIP, a Massachusetts Limited
Partnership, AMERICAN INCOME PARTNERS
IV-A LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership,
AMERICAN INCOME PARTNERS IV-B-LIMITED
PARTNERSHIP, a Massachusetts Limited
Partnership, AMERICAN INCOME PARTNERS
IV-C LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership,
AMERICAN INCOME PARTNERS IV-D LIMITED
PARTNERSHIP, a Massachusetts Limited
Partnership, AMERICAN INCOME PARTNERS
V-A LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership,
AMERICAN INCOME PARTNERS V-B LIMITED
PARTNERSHIP, a Massachusetts Limited
Partnership, AMERICAN INCOME PARTNERS
V-C LIMITED PARTNERSHIP, a
Massachusetts Limited Partnership,
AMERICAN INCOME PARTNERS V-D LIMITED
PARTNERSHIP, a Massachusetts Limited
Partnership, AMERICAN INCOME FUND I-B,
a Massachusetts Limited Partnership,
AMERICAN INCOME FUND I-C, a
Massachusetts Limited Partnership, AFG
INVESTMENT TRUST, a Delaware business
trust, AFG INVESTMENT TRUST B, a
Delaware business trust, AFG
INVESTMENT TRUST C, a Delaware
business trust, and AFG INVESTMENT
TRUST D, a Delaware business trust,
Nominal Defendants.
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PROPOSED ORDER GRANTING JOINT MOTION TO
CONTINUE FINAL APPROVAL SETTLEMENT HEARING
THIS CAUSE came before the Court upon the Parties' Joint
Motion to Continue Final Approval Settlement Hearing and to Schedule Rule 16
Status Conference. The Court, having reviewed the Motion, conducted a hearing
and being otherwise fully advised of the premises, does thereupon:
ORDER AND ADJUDGE THAT:
1. By no later than May 15, 2001, the parties shall advise the
Court (a) whether the United States Securities and Exchange Commission ("SEC")
has completed its review of certain filings submitted thereto in connection with
the proposed settlement of the captioned action, and (b) whether the parties
request the Court to schedule a hearing for final approval of the proposed
settlement or are withdrawing the proposed settlement from judicial
consideration and resuming the litigation of plaintiffs' claims.
2. The parties are directed to use their best efforts to assist
the SEC so that its regulatory review may be completed on or before May 15,
2001.
3. The Final Approval Settlement Hearing is continued and will be
scheduled for a date in July 2001 that will be determined by the Court following
its receipt of the request to schedule a hearing that is described in paragraph
1 above.
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DONE AND ORDERED, in Chambers, at West Palm Beach County,
Florida, this 12th day of March, 2001.
/s/ DANIEL T.K. HURLEY
---------------------------
United States District Judge
Daniel T.K. Hurley
Copies furnished.
To All Parties Listed on Attached Service List
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SERVICE LIST
LOCAL COUNSEL FOR PLAINTIFFS: LEAD COUNSEL FOR PLAINTIFFS:
LAW OFFICES OF ALLAN M. LERNER WECHSLER HARWOOD
Allan M. Lerner, Esquire HALEBIAN & FEFFER LLP
2888 East Oakland Park Blvd Andrew D. Friedman, Esq.
Ft. Lauderdale, FL 33306 488 Madison Avenue, 8th Floor
(954) 563-8111 New York, NY 10022
(954) 563-8522 (212) 935-7400
(212) 753-3630 FAX
ATTORNEYS FOR VARIOUS
PLAINTIFFS: LASKY & RIFKIND, LTD.
THOMAS A. HOADLEY, P.A. Leigh Lasky, Esq.
Thomas A. Hoadley, Esq. 11 South LaSalle Street
310 Australian Avenue Chicago, IL 60603
Palm Beach, FL 33480 (312) 634-0057
(561) 792-9006 (312) 634-0059 FAX
(561) 835-9527 FAX
LAW OFFICES OF LIONEL Z. GLANCY
GILMAN AND PASTOR, L.L.P. Lionel Z. Glancy, Esq.
Peter A. Lagorio, Esq. 1801 Avenue of the Stars
Stonehill Corporate Center Suite 30B
999 Broadway, Suite 500 Los Angeles, CA 90067
Saugus, MA 01906 (310) 201-9150
(781) 231-7850 (310) 201-9160 FAX
GOODKIND LABATON RUDOFF HAROLD B. OBSTFELD, P.C.
& SUCHAROW LLP Harold B. Obstfeld, Esq.
260 Madison Avenue
Lynda J. Grant, Esq. New York, NY 10116
100 Park Avenue (212) 696-0057
New York, NY 10017 (212) 679-8998 FAX
(212) 907-0700
(212) 818-0477 FAX LAW OFFICES OF JAMES V. BASHIAN
James V. Bashian, Esq.
500 Fifth Avenue, Suite 2730
New York, NY 10110
(212) 921-4110
(212) 921-4249 FAX
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ATTORNEYS FOR PLAINTIFFS J/B INVESTMENT PARTNERS AND SMALL AND REBECCA BARMACK
PARTNERS:
LAW OFFICES OF VINCENT T. GRESHAM
Vincent T. Gresham, Esq.
6065 Roswell Road, Suite 1445
Atlanta, GA 30328
(770) 552-5270
(770) 552-5279 FAX
HAWKINS & PARNELL
Albert H. Parnell, Esq.
4000 Suntrust Plaza
202 Peachtree Street, N.W.
Atlanta, GA 30308
(404) 614-7400
(404) 614-7500 FAX
BENJAMIN S. SCHWARTZ, CHARTERED
Benjamin S. Schwartz, Esq.
4600 Olympic Way
Evergreen, CO 80439
(303) 670-5941
(303) 670-3871 FAX
ATTORNEYS FOR DEFENDANTS:
RICHMAD, GREER, WEIL, BRUMBAUGH, MIRABITO & CHRISTENSEN, P.A.
Gerald F. Richman, Esq.
One Clearlake Centre
250 Australian Avenue South
Suite 1504
W. Palm Beach, FL 33401
(561) 803-3500
(561) 820-1608 FAX
NIXON PEABODY LLP
Deborah L. Thaxter, P.C.
101 Federal Street
Boston, MA 02110-1832
(617) 345-1000
(617) 345-1300
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