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Case Status:    SETTLED
On or around 10/04/2006 (Date of order of final judgment)

Filing Date: February 02, 2001

On October 4, 2006, the Court entered the Final Judgment signed by U.S. District Judge Anthony J. Battaglia. According to the Final Judgment, this Court hereby dismisses this Action on the merits and with prejudice against all persons or entities who are Class Members, in favor of Defendants and without costs to any of the parties as against any other settling party, except as provided in the Stipulation. Plaintiff's counsel are awarded fees of $600,000.00 (33 1/3%) plus interest of the same rate earned in the settlement fund until the date of payment, and dispursements of $60,461.39. The two lead plaintiffs (Robert Famberg and Richard Tavano) shall receive a payment of $5,000.00 each, for their services to the Class.

According to a press release dated August 10, 2006, a hearing has been scheduled before this Court on September 29, 2006 at 9:00 A.M., Courtroom A, United State Courthouse, 940 Front St., San Diego, CA 92101-8900, to consider approval of the proposed settlement of this action for, among other consideration, $1.8 million; certification of a plaintiff class; Class Counsel's application for attorney's fees and reimbursement of expenses; and related matters in the action.

As reported by the Company’s FORM 10-Q for the quarterly period ended December 31, 2005, in an amended complaint, the plaintiffs limited their claims to claims against the Company and its Chief Executive Officer. In response to a motion to dismiss, the Court further limited plaintiffs’ claims to allegations of market manipulation and insider trading. The En Pointe defendants have answered the amended and limited complaint. The Court certified the case as a class action.

The original class action law suit was filed alleging violations of the federal securities laws (including Sections 10(b) and 20(a). The lawsuit alleges that En Pointe and certain management insiders participated in a scheme to artificially inflate the Company's stock price and misrepresent the condition of its business. The complaint alleges that En Pointe issued a series of false and misleading statements during the Class Period that allowed insiders to divert almost $50,000,000 of shareholders' money. According to the complaint, this scheme included creating artificial demand for the stock, refusing to execute sell orders, and misrepresenting En Pointe's ownership interest in Supply Access, Inc. The complaint specifically alleges that while the stock was inflated to over $45.00 a share, insiders dumped their holdings.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Hardware
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ENPT
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. California
DOCKET #: 01-CV-00205
JUDGE: Hon. M. J. Lorenz
DATE FILED: 02/02/2001
CLASS PERIOD START: 12/07/1999
CLASS PERIOD END: 04/13/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brodsky & Smith, LLC (former Pennysylvania)
    11 Bala Avenue, Suite 39, Brodsky & Smith, LLC (former Pennysylvania), PA 19004
    610.668.7987 610.660.0450 · esmith@Brodsky-Smith.com
  2. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  3. Finkelstein, Thompson & Loughran
    1050 30th Street, NW, Finkelstein, Thompson & Loughran, DC 20007
    202.337.8000 202.337.8090 · contact@ftllaw.com
  4. Krause Kalfayan Benink & Slavens, LLP (San Diego)
    1010 Second Avenue, Suite 1750, Krause Kalfayan Benink & Slavens, LLP (San Diego), CA 92101
    619.232.0331 619.232.4019 ·
  5. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  6. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
No Document Title Filing Date
COURT: S.D. California
DOCKET #: 01-CV-00205
JUDGE: Hon. M. J. Lorenz
DATE FILED: 10/07/2002
CLASS PERIOD START: 12/07/1999
CLASS PERIOD END: 04/13/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Braun Law Group, P.C. (Former)
    12400 Wilshire Blvd., Suite 920, Braun Law Group, P.C. (Former), CA 90025
    888.658.7100 · info@braunlawgroup.com
  2. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  3. Finkelstein, Thompson & Loughran
    1050 30th Street, NW, Finkelstein, Thompson & Loughran, DC 20007
    202.337.8000 202.337.8090 · contact@ftllaw.com
  4. Krause Kalfayan Benink & Slavens, LLP (San Diego)
    1010 Second Avenue, Suite 1750, Krause Kalfayan Benink & Slavens, LLP (San Diego), CA 92101
    619.232.0331 619.232.4019 ·
No Document Title Filing Date