Lerach Coughlin Stoia Geller Rudman & Robbins LLP Announces New Development in Class Action Suit Against OfficeMax Inc. on Behalf of OfficeMax and Former Boise Cascade Corp. Shareholders

Business Wire, Feb 15, 2005

SAN DIEGO -- Lerach Coughlin Stoia Geller Rudman & Robbins LLP ("Lerach Coughlin") (http://www.lerachlaw.com/cases/officemaxinc/) announced on January 28, 2005 that the Class Period in a class action suit filed against OfficeMax, Inc. ("OfficeMax") (NYSE:OMX) in the United States District Court for the Northern District of Illinois had been extended to include both the purchasers of OfficeMax Inc.'s and Boise Cascade Corp.'s ("Boise") publicly traded securities during the period between December 1, 2003 and January 11, 2005 (the "Class Period").

The complaint alleges that during the Class Period, OfficeMax and certain of its current and former officers and directors made false and misleading statements regarding the Company's earnings in violation of the Securities Exchange Act of 1934. As a result of defendants' false statements, OfficeMax shares traded at inflated levels during the Class Period, permitting the Company's top officers and directors to obtain shareholder approval of the OfficeMax acquisition, to obtain tens of millions of dollars in severance and golden parachute payments, to cash out millions of dollars worth of stock options and restricted stock, to sell stock at inflated prices, and to arrange to sell nearly $1.5 billion worth of the Company's notes.

On January 12, 2005, OfficeMax announced that its chief financial officer had resigned and that it would postpone the release of its earnings for the fourth quarter and full year 2004, pending the conclusion of an internal investigation into issues relating to its accounting for vendor income.

Then, on February 14, 2005, OfficeMax announced that it had "ousted its chief executive after less than four months on the job as a billing scandal at the office products retailer led to the firing of two more employees. OfficeMax ... said a total of six employees have now been fired in connection with an internal investigation into the fabrication of documents to support a bill to a vendor. The company also said it had uncovered accounting errors in recording rebates and other payments from vendors last year. It said it would restate results for the first three quarters of 2004."

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from January 13, 2005. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Lerach Coughlin at 800/449-4900 or 619/231-1058, or via e-mail at wsl@lerachlaw.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.lerachlaw.com/cases/officemaxinc/. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Plaintiff seeks to recover damages on behalf of all purchasers of OfficeMax and Boise Cascade publicly traded securities during the Class Period (the "Class"). The plaintiff is represented by Lerach Coughlin, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Lerach Coughlin, a 140-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Houston, Philadelphia and Seattle, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. Lerach Coughlin lawyers have been responsible for more than $20 billion in aggregate recoveries. The Lerach Coughlin Web site (http://www.lerachlaw.com) has more information about the firm.