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 Editors/Legal Writers LOS ANGELES--(BUSINESS WIRE)--April 9, 2003 A class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax 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 A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. with its principal executive offices located in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . 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 In amphibious operations, the planning accomplished by commanders and staffs of corresponding echelons from parallel chains of command within the amphibious task force. See also amphibious operation; amphibious task force. and execution to allow customers to integrate disparate planning systems See spreadsheet and financial planning system. 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 vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. 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 Deceit Aimwell pretends to be titled to wed into wealth. [Br. Lit.: The Beaux’ Stratagem] Ananias lies about amount of money received for land. [N.T.: Acts 5:1–6] Ananias Club all its members are liars. [Am. 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 n. 1. A supporting timber or other prop in a mine. 2. A platform braced against the sides of a working area in a mine. , 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 info@secfraud.com |
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