CENTEX CORP.

Summary of Case: A securities class action has been filed against Centex Corp. (Ticker: CTX) ("Centex" or the "Company") on behalf of holders of Centex common stock.  

The complaint alleges that in pursuing the unlawful plan to divest Centex's public stockholders of their holdings in the Company at an unfair price and through the implementation of a flawed process in connection with the proposed acquisition of Centex by Pulte Homes, Inc. ("Pulte"), the defendants have breached their fiduciary duties of loyalty, due care, independence, candor, good faith and fair dealing. Instead of attempting to negotiate a contract reflecting the highest price reasonably available for the Company's stockholders, defendants spent substantial effort tailoring the proposed acquisition to meet their own specific needs and those of Pulte.