Business Services Industry
Class Action Filed Against i2 Technologies, Inc. On Behalf of Shareholders Who Purchased Securities between April 18, 2000 and January 24, 2003 by the Law Firm of Stull, Stull & Brody
Business Wire, April 9, 2003
Business Editors/Legal Writers
LOS ANGELES--(BUSINESS WIRE)--April 9, 2003
A class action lawsuit was filed in U.S. District Court on behalf of purchasers (the "Class") of i2 Technologies, Inc. ("i2 Tech" or the "Company") between April 18, 2000 and January 24, 2003, inclusive (the "Class Period").
i2 Tech is a Delaware corporation with its principal executive offices located in Dallas, Texas. i2 Tech provides value chain management solutions and utilizes a radical process methodology to help companies deal with the variability that comes from today's gap in managing supply and demand. This methodology combines integrated planning and execution to allow customers to integrate disparate planning systems with workflow management systems to optimize their business' performance.
The defendants include i2 Tech, Sanjiv S. Sidhu, Gregory A. Brady, William M. Beecher, Nancy F. Brigham and David C. Becker (the "Defendants"). The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action arises from damages incurred by the Class as a result of a scheme and common course of conduct by defendants which operated as a fraud and deceit on the Class during the Class Period. Defendants' scheme included rendering false and misleading statements and/or omissions concerning the present financial condition and business prospects of the Company. The scheme was revealed when i2 Tech announced that it would re-audit its financial statements for the years ended December 31, 2000 and 2001 because on an ongoing investigation of the Company's revenue recognition and its financial reporting.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Stull, Stull & Brody who has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders.
If you are a member of the class described above, you may, no later than May 27, 2003, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.
If you wish to discuss this action, or have any questions concerning this notice, or your rights or interests with respect to this matter, please contact plaintiffs' counsel listed below:
Michael D. Braun, Esq.
Timothy J. Burke, Esq.
Stull, Stull & Brody
888/388-4605
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