SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB

                |X| QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2008
                                       or
        |_| TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                         COMMISSION FILE NUMBER 0-27757

                              CASE FINANCIAL, INC.
             (Exact Name of registrant as specified in its charter)

                    DELAWARE                                 33-0529299
         (State or other jurisdiction of                  (I.R.S. Employer
         incorporation or organization)                Identification Number)

   7720 El Camino Real, Suite 2E, Carlsbad, CA                 92009
    (Address of principal executive offices)                 (Zip code)

                                  760-804-1449
                           (Issuer's telephone number)

Check whether the Issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the issuer was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [_]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [_] No [X]

           Number of shares of issuer's common stock outstanding as of
                           April 30, 2008: 28,535,145

Transitional Small Business Disclosure Format (check one). Yes [_] No [X]

Documents incorporated by reference: None.


<PAGE>

<TABLE>
                                           Table of Contents
<S>                                                                                                     <C>
Part I - FINANCIAL INFORMATION...........................................................................1
   Item 1.  Interim Consolidated Financial Statements....................................................1
   Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operation.........8
   Item 3.  Controls and Procedures......................................................................10

PART II - OTHER INFORMATION..............................................................................11
   Item 1.  Legal Proceedings............................................................................11
   Item 2.  Unregistered Sale of Equity Securities.......................................................12
   Item 3.  Defaults in Senior Securities................................................................12
   Item 4.  Submission of Matters to a Vote of Security Holders..........................................12
   Item 5.  Other Information............................................................................12
   Item 6.  Exhibits.....................................................................................12
   SIGNATURES............................................................................................13
</TABLE>


<PAGE>

Part I - FINANCIAL INFORMATION

Item 1.  Interim Consolidated Financial Statements

<TABLE>
<CAPTION>
                                                  CASE FINANCIAL, INC. AND SUBSIDIARIES
                                                        Consolidated Balance Sheets

---------------------------------------------------------------------------------------------------------------------------

                                                        ASSETS

                                                                                                (Unaudited)
                                                                                                   As of           As of
                                                                                                 March 31,     September 30,
                                                                                                   2008            2007
                                                                                                   ----            ----
<S>                                                                                           <C>              <C>
 Current Assets
    Cash & cash equivalents                                                                   $     82,401     $      4,636
    Prepaid expense                                                                                 40,874           81,360
    Loan receivable                                                                                105,453                -
                                                                                              ------------     ------------
 Total Current Assets
                                                                                                   228,728           85,996
 Net Property & Equipment                                                                                -              149

 Other Assets
    Deposits                                                                                         1,453            1,453
                                                                                              ------------     ------------
 Total Other Assets                                                                                  1,453            1,453
                                                                                              ------------     ------------
      TOTAL ASSETS                                                                            $    230,181     $     87,598
                                                                                              ============     ============

                                   LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

 Current Liabilities
    Accounts payable and accrued expenses                                                     $    705,403     $    602,228
    Loans payable - related parties                                                                  3,269            3,269
    Loans payable                                                                                  200,000          200,000
                                                                                              ------------     ------------
 Total Current Liabilities                                                                         908,672         805,497

      TOTAL LIABILITIES                                                                            908,672         805,497

 Stockholders' Equity (Deficit)

    Preferred stock, ($.0001 par value, 20,000,000
      shares authorized; none issued and outstanding.)                                                   -                -
    Common stock, (par value $.001 per share, 100,000,000 shares
      authorized: 28,535,145 shares issued and outstanding as of
      March 31, 2008 and September 30, 2007, respectively)                                          28,535           28,535
    Paid-in capital                                                                             10,117,166       10,117,166
    Accumulated deficit                                                                        (10,824,192)     (10,863,600)
                                                                                              ------------     ------------
 Total Stockholders' Equity (Deficit)                                                             (678,491)        (717,899)
                                                                                              ------------     ------------
      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                                      $    230,181     $     87,598
                                                                                              ============     ============
</TABLE>


                                       1
<PAGE>


<TABLE>
<CAPTION>
                                                    CASE FINANCIAL, INC. AND SUBSIDIARIES
                                              Consolidated Statements of Operations (Unaudited)

-----------------------------------------------------------------------------------------------------------------------------------

                                                                   Six Months       Six Months       Three Months      Three Months
                                                                      Ended            Ended             Ended             Ended
                                                                    March 31,        March 31,         March 31,         March 31,
                                                                      2008             2007              2008              2007
                                                                      ----             ----              ----              ----

<S>                                                              <C>               <C>               <C>               <C>
 Revenues

     Service                                                     $          -      $          -      $          -      $          -
                                                                 ------------      ------------      ------------      ------------
 Net Revenue                                                                -                 -                 -                 -

 Operating Expenses

     Depreciation                                                         149             1,071                 -               536
     General and administrative                                        51,492            69,313            26,448            36,991
     Salaries                                                          84,000            84,000            42,000            42,000
     Professional fees                                                100,213            40,000            41,612            16,000
                                                                 ------------      ------------      ------------      ------------
 Total Operating Expenses                                             235,854           194,384           110,060            95,527
                                                                 ------------      ------------      ------------      ------------
 Income (Loss) from operations                                       (235,854)         (194,384)         (110,060)          (95,527)

 Other Income (expenses)

     Interest expense                                                 (12,000)          (19,793)           (6,000)          (10,018)
     Other expense                                                       (110)                -              (110)                -
     Other income                                                      13,425             2,538            11,441             1,000
     Interest income                                                    5,453                 -             3,433                 -
                                                                 ------------      ------------      ------------      ------------
 Total Other income (expenses)                                          6,768           (17,255)            8,764            (9,018)
                                                                 ------------      ------------      ------------      ------------
 Net income (loss) before discontinued operations                    (229,086)         (211,639)         (101,296)         (104,545)
                                                                 ============      ============      ============      ============
 Gain (Loss) from discontinued operations                             268,494           188,091            63,494            98,426
                                                                 ------------      ------------      ------------      ------------
 Net Income                                                      $     39,408      $    (23,548)     $    (37,802)     $     (6,119)
                                                                 ============      ============      ============      ============
 Net Income (Loss) per common share - basic and diluted:

 From continuing operations                                      $      (0.01)     $      (0.01)     $      (0.00)     $      (0.00)
                                                                 ============      ============      ============      ============
 From discontinued operations                                    $       0.01      $       0.01      $       0.00      $       0.00
                                                                 ============      ============      ============      ============
 Weighted average number of
     common shares - basic and diluted                             28,535,145        24,817,862        28,535,145        24,758,064
                                                                 ============      ============      ============      ============
</TABLE>


                                       2
<PAGE>

<TABLE>
<CAPTION>
                                                      CASE FINANCIAL, INC. AND SUBSIDIARIES
                                      Consolidated Statements of Changes in Stockholders' Equity (Deficit)

 ===================================================================================================================================
                                                     Common     Common   Additional  Shares To  Treasury    Retained      Total
                                                     Shares     Stock     Paid-in    Be Issued    Stock     Earnings
                                                                Amount    Capital                          (Deficit)
 ===================================================================================================================================
<S>                                                <C>           <C>      <C>       <C>         <C>       <C>          <C>
  Balance, September 30, 2006 (Restated)           24,406,812    25,407  9,846,894    294,500   (240,000)  (11,001,321)  (1,074,520)
 -----------------------------------------------------------------------------------------------------------------------------------

  Common stock issued for convertible debenture     1,913,333     1,913     285,087   (287,000)                                  -

  Common stock retired after return to treasury                  (1,000)   (239,000)             240,000                         -

  Common stock issued in paymnet of accrued            50,000        50       7,450     (7,500)                                  -

  Common stock issued in warrant conversion           250,000       250      24,750                                          25,000

  Common stock issued for Directors fees            1,450,000     1,450     143,550                                         145,000

  Common stock issued in warrant conversion            50,000        50       4,950                                           5,000

  Common stock issued in warrant conversion           175,000       175      17,325                                          17,500

  Common stock issued for services rendered           240,000       240      26,160                                          26,400

  Net Income                                                                                                   137,721      137,721
 -----------------------------------------------------------------------------------------------------------------------------------

  Balance, September 30, 2007                      28,535,145    28,535  10,117,166          -         -   (10,863,600)    (717,899)
 -----------------------------------------------------------------------------------------------------------------------------------

  Net Income                                                                                                    39,408       39,408
 -----------------------------------------------------------------------------------------------------------------------------------

  Balance, March 31, 2008 (unaudited)            $ 28,535,145  $ 28,535 $10,117,166   $      -  $      -  $(10,824,192) $  (678,491)
 ===================================================================================================================================
</TABLE>


                                       3
<PAGE>

<TABLE>
<CAPTION>
                                                    CASE FINANCIAL, INC. AND SUBSIDIARIES
                                             Consolidated Statements of Cash Flows (Unaudited)

--------------------------------------------------------------------------------------------------------------------------

                                                                                               Six Months      Six Months
                                                                                                  Ended           Ended
                                                                                                 March 31,       March 31,
                                                                                                   2008            2007
                                                                                                   ----            ----
<S>                                                                                             <C>             <C>
 CASH FLOWS FROM OPERATING ACTIVITIES
 ------------------------------------

    Net income (loss)                                                                           $ 39,408        $(23,548)
    (Gain) Loss from discontinued operations                                                    (268,494)       (188,091)
                                                                                                --------        --------
    Gain (Loss) from continuing operations                                                      (229,086)       (211,639)
    Adjustments to reconcile net loss to net cash
    provided by (used in) operating activities:
        Depreciation                                                                                 149           1,071
        Common stock issued for compensation/directors                                                 -            (750)
    Changes in operating assets and liabilities:
        (Increase) decrease in prepaid expenses                                                   40,486         (16,733)
        Increase (decrease) in accounts payable and accrued expenses                             103,175         241,687
                                                                                                --------        --------
    Net cash provided by (used in) continuing operations                                         (85,276)         13,636
    Net cash provided by (used in) discontinued operations                                       268,494         188,091
                                                                                                --------        --------
                                                                                                 183,218         201,727
CASH FLOWS FROM INVESTING ACTIVITIES
------------------------------------

    Increase in loan receivable                                                                 (105,453)              -
                                                                                                --------        --------
    Net cash provided by (used in) investing activities                                         (105,453)              -

CASH FLOWS FROM FINANCING ACTIVITIES
------------------------------------

    Payments to loan payable                                                                                    (100,000)
    Payments to related party                                                                          -         (44,800)
    Common stock issued for cash                                                                       -          25,000
                                                                                                --------        --------
    Net cash used in continuing operations                                                             -        (119,800)
    Net cash provided by disontinued operations                                                        -        (127,638)
                                                                                                --------        --------
    Net cash provided by (used in) financing activities                                                -        (247,438)
                                                                                                --------        --------
    Net increase (decrease) in cash & cash equivalents                                            77,765         (45,711)

    Cash & cash equivalents at beginning of period                                                 4,636         101,299
                                                                                                --------        --------
    Cash & cash equivalents at end of period                                                    $ 82,401        $ 55,588
                                                                                                ========        ========
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

Interest expense                                                                                $ 12,000        $ 19,793
                                                                                                ========        ========

</TABLE>


                                       4
<PAGE>

                      CASE FINANCIAL, INC. AND SUBSIDIARIES
                           Notes To Interim Condensed
                        Consolidated Financial Statements
                        As of March 31, 2008 (Unaudited)


NOTE 1 - CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The accompanying March 31, 2008 condensed consolidated financial statements have
been prepared by the Company without audit. In the opinion of management, all
adjustments (which include only normal recurring adjustments) necessary to
present fairly the financial position, results of operations and cash flows at
March 31, 2008 and for all periods presented have been made. Certain information
and footnote disclosures normally included in financial statements prepared in
accordance with accounting principles generally accepted in the United States of
America have been condensed or omitted. It is suggested that these condensed
consolidated financial statements be read in conjunction with the consolidated
financial statements and notes thereto included in the Company's September 30,
2007 audited consolidated financial statements. The results of operations for
periods ended March 31, 2008 are not necessarily indicative of the operating
results for the full years.

NOTE 2 - GOING CONCERN

The Company's condensed consolidated financial statements are prepared using
generally accepted accounting principles applicable to a going concern, which
contemplates the realization of assets and liquidation of liabilities in the
normal course of business. The accompanying condensed consolidated financial
statements do not include any adjustments relating to the recoverability and
classification of liabilities that might result from the outcome of this
uncertainty. It is management's intention to seek additional operating funds
through operations, and debt or equity offerings. Management has yet to decide
what type of offering the Company will use or how much capital the Company will
raise. There is no guarantee that the Company will be able to raise any capital
through any type of offerings.

NOTE 3 - LOAN RECEIVABLE

On November 9, 2007 the Company loaned $200,000 to All States ATM, Inc.; a
Company that funds ATM machines throughout the United States. According to
terms, this loan is at 10% and to be repaid within six months. As of March 31,
2008 the principal balance is $105,453, and related interest income of $3,433
for the three months then ended.


NOTE 4 - SIGNIFICANT EVENTS

DISCONTINUED OPERATIONS

The Company has discontinued its Litigation Finance Business. In accordance with
SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets",
we have determined that we have complied with the provisions of SFAS No. 144 at
September 30, 2005 with respect to the classification of the operations of the
Litigation Finance Business as a discontinued operation. All remaining assets
have either been assigned to the third party investors to collect directly from
the attorneys that they advanced funds to, or were part of a settlement. The
Company will continue to account for all Litigation Finance Business as a
discontinued operation at March 31, 2008, and the assets and liabilities of the
Litigation Finance Business have been classified accordingly. All revenues and
expenses associated with the Litigation Finance Business have been reclassified
and the net amount reported on its Condensed Consolidated Statement of
Operations as Gain (Loss) from Discontinued Operations. There was a gain from
discontinued operation of $268,494 for the six months ended March 31, 2008.


                                       5
<PAGE>

                      CASE FINANCIAL, INC. AND SUBSIDIARIES
                           Notes To Interim Condensed
                        Consolidated Financial Statements
                        As of March 31, 2008 (Unaudited)


NOTE 4 - SIGNIFICANT EVENTS - Continued

LEGAL PROCEEDINGS

On March 25, 2005 a derivative lawsuit was filed by the Canadian Commercial
Workers Industry Pension Plan ("CCWIP"), a major stockholder of the Company. The
lawsuit was filed in the Court of Chancery of the State of Delaware against
former officers and directors of the Company, specifically Eric Alden, a former
CEO and CFO and Chairman of the Board, Harvey Bibicoff, a former interim CEO and
CFO and director, Lorne Pollock, former Vice President of Underwriting,
Secretary and director and Gordon Gregory, a former director alleging that these
officers and directors had damaged the Company by (a) engaging in self dealing
transactions in breach of their fiduciary duty of loyalty; (b) mismanaging the
Company in violation of their oversight duties and duty of care; (c) wasting
corporate assets; and (d) making fraudulent misrepresentations which induced the
corporate entity to issue shares to these individuals. The Company's Board of
Directors has elected to consent to the filing of this complaint. The Company
was named as a nominal defendant in this complaint.

On October 5, 2005, Mr. Gregory, Mr. Pollock, and the Company executed a
Settlement and Release Agreement regarding this action pursuant to which:

     o    Mr. Gregory returned to the Company 750,000 shares of common stock
          owned or controlled by him and cancelled two promissory notes of the
          Company totaling $100,000.

     o    Mr. Pollock returned to the Company 100,000 shares of common stock
          owned or controlled by him and repaid in cash to the Company $15,160.

     o    Mr. Pollock and Mr. Gregory were released from further action by the
          majority stockholder and the Company with respect to the claims made
          in the derivative lawsuit.

     o    Mr. Pollock and Mr. Gregory agreed to waive any and all further claims
          against the Company and the major stockholder.

The foregoing agreement was approved by the Court of Chancery in the State of
Delaware and was consummated in February 2006.

On September 1, 2006, the Company reached a settlement agreement with Mr.
Bibicoff resolving all current litigation between the Company and this
individual. The key terms to this settlement agreement were:

     o    The cancellation of promissory notes and accrued interest together
          totaling approximately $875,000 held by this individual.

     o    The dismissal of this individual from the derivative lawsuit filed in
          the Delaware Court of Chancery on March 16, 2005.

     o    The release of each party from any and all claims that could have been
          asserted by the other party in any of the actions dismissed as a
          result of this settlement agreement.


                                       6
<PAGE>

                      CASE FINANCIAL, INC. AND SUBSIDIARIES
                           Notes To Interim Condensed
                        Consolidated Financial Statements
                        As of March 31, 2008 (Unaudited)


NOTE 4 - SIGNIFICANT EVENTS - Continued

LEGAL PROCEEDINGS

The foregoing agreement was approved by the Court of Chancery in the State of
Delaware and was consummated in November 2007.

Mr. Alden remains the sole defendant in this action. On November 7, 2007 Case
Financial assumed the role of plaintiff in this derivative action.

Furthermore, on April 12, 2006, Mr. Alden filed another lawsuit against Landmark
American Insurance Company and Case Financial, Inc. in the Superior Court of the
State of Californian for the County of Los Angeles, Case Number BC 336747
demanding indemnification for costs associated with this derivative action.

On March 6, 2006 a lawsuit was filed in the Circuit Court of the 11th Judicial
Circuit for Miami-Dade County Florida, case number 07-06488CA 02 against the
Company by a law firm, for unpaid legal bills in the amount of $94,036.

On February 14, 2008 the Company entered into a settlement with the above law
firm. The settlement states that Case Financial shall pay the total sum of
$72,500 in equal monthly installments of $5,000. In the event of default the
Company agreed that the entire amount of $94,036 plus all accrued interest shall
be due the law firm.


NOTE 5 - SUBSEQUENT EVENT

The loan receivable with All States ATM, Inc. came due on May 9, 2008. The
Company is currently in negotiations to extend the agreement.



                                       7
<PAGE>

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
of Operation

The discussion contained herein is for the three and six months ended March 31,
2008. The following discussion should be read in conjunction with the Company's
condensed consolidated financial statements and the notes to the condensed
consolidated financial statements included elsewhere in this Quarterly Report on
Form 10-QSB for the quarterly period ended March 31, 2008.

Forward Looking Statements

The following discussion contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements that include
words such as "anticipates", "expects", "intends", "plans", "believes", "may",
"will" or similar expressions that are intended to identify forward-looking
statements. In addition, any statements that refer to expectations, projections
or other characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. Such statements include,
but are not limited to, statements regarding our intent, belief or current
expectations regarding our strategies, plans and objectives, our product release
schedules, our ability to design, develop, manufacture and market products, our
intentions with respect to strategic acquisitions, the ability of our products
to achieve or maintain commercial acceptance and our ability to obtain financing
for our obligations. Such statements are not guarantees of future performance
and are subject to risks, uncertainties and assumptions that are difficult to
predict. Therefore, the Company's actual results could differ materially and
adversely from those expressed in any forward-looking statements as a result of
various factors. Factors that could cause or contribute to the differences are
discussed in "Factors That May Affect Future Results" in the Company's Form
10KSB filed on January 14, 2008 with the Securities and Exchange Commission.
Except as required by applicable law or regulation, the Company undertakes no
obligation to revise or update any forward-looking statements contained in this
Quarterly Report on Form 10-QSB for the quarterly period ended March 31, 2008.
The information contained in this Quarterly Report on Form 10-QSB for the
quarterly period ended March 31, 2008 is not a complete description of the
Company's business or the risks associated with an investment in the Company's
common stock. Each reader should carefully review and consider the various
disclosures made by the Company in this Quarterly Report on Form 10-QSB for the
quarterly period ended March 31, 2008 and in the Company's other filings with
the Securities and Exchange Commission.

Overview

Case's business was to provide pre-settlement and post-settlement litigation
funding services to attorneys (and, previously, plaintiffs) involved in personal
injury and other contingency litigation, conducted primarily within the
California courts (the "Litigation Finance Business").

Our funding services had included advances to attorneys and previously,
plaintiffs, which are non-recourse, meaning that the investment principal,
success fees and interest are repaid only when the case is settled or favorably
adjudicated in court. These investments were collateralized solely by the
potential proceeds of the underlying litigation.

By the unanimous consent of the Board of Directors dated September 30, 2005, the
Company's Board of Directors approved a resolution declaring that the Company
discontinue its Litigation Finance Business. The Board of Directors further
discussed that it shall continue to actively seek new business opportunities for
the Company. All revenues and expenses associated with the Litigation Finance
Business have been reclassified and the net amount reported on its Consolidated
Statement of Operations as Loss from Discontinued Operations.

In February 2008, the Company signed a Letter of Intent to enter into a joint
venture agreement with U-Energy LLC to explore and develop three uranium claim
blocks located in the State of Wyoming. The Company is presently investigating
ownership of the claim blocks and has not yet entered into a formal agreement.

We believe that our available current cash resources and anticipated collections
will be adequate to fund our current limited level of operations through its
fiscal year ended September 30, 2008. However, to the extent our estimates and


                                       8
<PAGE>

assumptions are inaccurate and/or we are unable to settle outstanding
obligations at reduced amounts, we may not have sufficient cash resources to
fund our ongoing obligations. In such event, we may be required to seek other
funding and/or consider a formal or informal restructuring or reorganization.



Our Critical Accounting Policies

The discussion and analysis of the Company's financial condition and results of
operations is based upon the Company's consolidated financial statements, which
have been prepared in accordance with accounting principles generally accepted
in the United States of America. The preparation of these financial statements
requires the Company to make estimates and judgments that affect the reported
amounts of assets, liabilities, revenues and expenses, and related disclosure of
contingent assets and liabilities. On an ongoing basis, the Company evaluates
its estimates, including those related to bad debts, intangible assets, income
taxes, and contingencies and litigation, among others. The Company bases its
estimates on historical experience and on various other assumptions that it
believes to be reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying values of assets and liabilities
that are not readily apparent from other sources. Actual results may differ from
these estimates under different assumptions or conditions. The Company believes
that the following critical accounting policies affect its more significant
judgments and estimates used in the preparation of its consolidated financial
statements: discontinued operations, use of estimates and impairment of
long-lived assets. These accounting policies are discussed in "ITEM 6
-MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION" contained in the
Company's Annual Report on Form 10-KSB for the fiscal year ended September 30,
2007, as well as in the notes to the September 30, 2007 consolidated financial
statements. There have not been any significant changes to these accounting
policies since they were previously reported at September 30, 2007.

General and Administrative Expenses

General and administrative expenses consist of costs not directly associated
with our Litigation Finance Business. For the six months ended March 31, 2008,
administrative expenses decreased by $17,821 to $51,492 in comparison to the six
months ended March 31, 2007.

Interest Expenses

Interest expense was $12,000 for the six months ended March 31, 2008 compared
with $19,793 for the six months ended March 31, 2007, a decrease of $7,793.

Operating Activities

Our balance sheet at March 31, 2008 reflects cash of $82,401 compared to cash of
$4,636 at September 30, 2007, an increase of $77,765. Net cash provided by
operating activities was $183,218 for the six months ended March 31, 2008
compared to $201,727 for the six months ended March 31, 2007.

Investment Activities

Net cash used in investing activities for the six months ended March 31, 2008
was $105,453 compared to net cash used in investing activities was 0 for the six
months ended March 31, 2007 an increase of $105,453.

Financing Activities

Net cash used in financing activities was 0 for the six months ended March 31,
2008 as compared to net cash used in finance activities of $247,438 for the six
months ended March 31, 2007.


                                       9
<PAGE>

Principal Commitments

As of June 1, 2007, the Company leased a new office space of 608 square feet
located at 7720 El Camino Real Suite 2E, Carlsbad, California 92009. These
facilities were leased at a monthly rental of $1,398.40 for the initial twelve
months and $1,453.12 for the second twelve months. This lease expires on June 1,
2009. Lease commitments, excluding property taxes and insurance, are as follows:
$17,000 and $11,625 for the years ended 2008, and 2009, respectively. We believe
that our existing facilities are adequate to meet current requirements and that
suitable additional or substitute space will be available if needed.

Off-Balance Sheet Arrangements

At March 31, 2008, we did not have any transactions, obligations or
relationships that could be considered off-balance sheet arrangements.

Item 3.  Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are designed to ensure that information
required to be disclosed in the reports filed or submitted by the Company under
the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported, within the time periods specified in the rules and forms of the
Securities and Exchange Commission. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed in the reports filed under the Securities Exchange Act
of 1934 is accumulated and communicated to the Company's management, including
its principal executive and financial officers, as appropriate, to allow timely
decisions regarding required disclosure. The Company carried out an evaluation,
under the supervision and with the participation of its management, including
its principal executive officer and principal financial officer, of the
effectiveness of the design and operation of the Company's disclosure controls
and procedures as of the end of the period covered by this report. Based upon
and as of the date of that evaluation, the Company's principal executive officer
and financial officers concluded that the Company's disclosure controls and
procedures are effective to ensure that information required to be disclosed in
the reports the Company files and submits under the Exchange Act of 1934 is
recorded, processed, summarized and reported within the time periods specified
in the Securities and Exchange Commission's rules and forms.

Changes in Internal Controls

There were no changes in the Company's internal controls or in other factors
that could have significantly affected those controls subsequent to the date of
the Company's most recent evaluation.


                                       10
<PAGE>


PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

On March 25, 2005 a derivative lawsuit was filed by the Canadian Commercial
Workers Industry Pension Plan ("CCWIP"), a major stockholder of the Company. The
lawsuit was filed in the Court of Chancery of the State of Delaware against
former officers and directors of the Company, specifically Eric Alden, a former
CEO and CFO and Chairman of the Board, Harvey Bibicoff, a former interim CEO and
CFO and director, Lorne Pollock, former Vice President of Underwriting,
Secretary and director and Gordon Gregory, a former director alleging that these
officers and directors had damaged the Company by (a) engaging in self dealing
transactions in breach of their fiduciary duty of loyalty; (b) mismanaging the
Company in violation of their oversight duties and duty of care; (c) wasting
corporate assets; and (d) making fraudulent misrepresentations which induced the
corporate entity to issue shares to these individuals. The Company's Board of
Directors has elected to consent to the filing of this complaint. The Company
was named as a nominal defendant in this complaint.

On October 5, 2005, Mr. Gregory, Mr. Pollock, and the Company executed a
Settlement and Release Agreement regarding this action pursuant to which:

     o    Mr. Gregory returned to the Company 750,000 shares of common stock
          owned or controlled by him and cancelled two promissory notes of the
          Company totaling $100,000.

     o    Mr. Pollock returned to the Company 100,000 shares of common stock
          owned or controlled by him and repaid in cash to the Company $15,160.

     o    Mr. Pollock and Mr. Gregory were released from further action by the
          majority stockholder and the Company with respect to the claims made
          in the derivative lawsuit.

     o    Mr. Pollock and Mr. Gregory agreed to waive any and all further claims
          against the Company and the major stockholder.

The foregoing agreement was approved by the Court of Chancery in the State of
Delaware and was consummated in February 2006.

On September 1, 2006, the Company reached a settlement agreement with Mr.
Bibicoff resolving all current litigation between the Company and this
individual. The key terms to this settlement agreement were:

     o    The cancellation of promissory notes and accrued interest together
          totaling approximately $875,000 held by this individual.

     o    The dismissal of this individual from the derivative lawsuit filed in
          the Delaware Court of Chancery on March 16, 2005.

     o    The release of each party from any and all claims that could have been
          asserted by the other party in any of the actions dismissed as a
          result of this settlement agreement.

The foregoing agreement was approved by the Court of Chancery in the State of
Delaware and was consummated in November 2007.

Mr. Alden remains the sole defendant in this action. On November 7th 2007 Case
Financial assumed the role of plaintiff in this derivative action.


                                       11
<PAGE>

Furthermore, on April 12, 2006, Mr. Alden filed another lawsuit against Landmark
American Insurance Company and Case Financial, Inc. in the Superior Court of the
State of Californian for the County of Los Angeles, Case Number BC 336747
demanding indemnification for costs associated with this derivative action.

On March 6, 2006 a lawsuit was filed in the Circuit Court of the 11th Judicial
Circuit for Miami-Dade County Florida, case number 07-06488CA 02 against the
Company by a law firm, for unpaid legal bills in the amount of $94,036.

On February 14, 2008 the Company entered into a settlement with the above law
firm. The settlement states that Case Financial shall pay the total sum of
$72,500 in equal monthly installments of $5,000. In the event of default the
Company agreed that the entire amount of $94,036 plus all accrued interest shall
be due the law firm.


Item 2.  Unregistered Sale of Equity Securities

None.

Item 3. Defaults in Senior Securities

As of March 31, 2008, the Company is in default on the following notes:

          1.   Notes payable, uncollateralized, interest payable        $150,000
               monthly at 12.0% per annum, due January 1, 2007.
               The Company is in default on this note.
          2.   Note payable, uncollateralized, interest payable          $50,000
               monthly at 12.0% per annum, due January 1, 2007.
               The Company is in default on this note due to
               nonpayment of interest.

Item 4.  Submission of Matters to a Vote of Security Holders

None.


Item 5.  Other Information

None.

Item 6.  Exhibits

The following documents are filed as part of this report:

          Exhibit No.

          31.1      Certification of Chief Executive Officer Pursuant to Section
                    302 of the Sarbanes Oxley Act of 2002.
          31.2      Certification of Chief Financial Officer Pursuant to Section
                    302 of the Sarbanes Oxley Act of 2002
          32        Certification Pursuant to Section 906 of the Sarbanes Oxley
                    Act of 2002


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<PAGE>

                                   SIGNATURES

In accordance with the requirements of the Exchange Act the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                          CASE FINANCIAL, INC.

Dated: May 18, 2008                       /s/  Michael Schaffer
                                          ----------------------------------
                                          By:  Michael Schaffer
                                          Its: Chief Executive Officer
                                          (Principal Executive Officer)

Dated: May 18, 2008                       /s/  Lawrence Schaffer
                                          ----------------------------------
                                          By:  Lawrence Schaffer
                                          Its: Chief Financial Officer
                                          (Principal Financial Officer and
                                          Principal Accounting Officer)


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