Adams Golf, Inc. Securities Litigation

This case was filed in 1999 under Sections 11 and 12 of the Securities Act of 1933 (the "1933 Act") against Adams Golf, a company that manufactures and sells golf clubs, and several Adams Golf directors and officers who signed the Registration Statement, which included the Prospectus used in connection with Adams Golf's initial public offering ("IPO") in 1998 ("the Registration Statement"). The individuals named as defendants are: Barney Adams, the Chairman of the Board, Chief Executive Officer and President of Adams Golf at the time of the IPO; two other Adams Golf officers at the time of the IPO, Darl Hatfield and Richard Murtland; and several directors of Adams Golf at the time of the IPO, Paul F. Brown, Roland Casati, Finis Conner and Stephen Patchin. Also named as defendants were the underwriters for the IPO: Lehman Brothers Holdings, Inc., Banc of America LLC (at the time of the IPO named Nationsbanc Montgomery Securities), and Ferris Baker Watts, Inc.

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