First Marblehead Corp

The consolidated federal derivative cases filed against certain of First Marblehead Corporation’s current and former officers and directors and nominally against the Company remain stayed.

In May 2008, three federal derivative lawsuits were filed in the U.S. District Court for the…

First Marblehead Corporation is seeking a mutual agreement to stay the proceedings in the shareholder derivative action filed in Massachusetts Superior Court.

The complaint is purportedly brought on behalf of the Company to remedy alleged violations of federal and state…