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	Thaxton Settlement
	Settlement Class Counsel declared the tendency of a class action entitled In re: The Thaxton Group, Inc. Securities Litigation, Case No.: 8:04-2612-13, in the United States District Court for the District of South Carolina concerning The Thaxton Group, Inc. ("Thaxton") and its subordinated note program. This projected fractional settlement will provide up to $9,350,000 additional funds to Thaxton for the sole purpose of paying claims of subordinated note holders or their assignees. This is a partial resolution that will resolve claims involving the two settling defendants. Litigation will persist as to the remaining defendant, Finova Capital Corporation ("Finova").


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