According to the docket, on May 3, 2002, the Court entered the Order by Chief Judge James M. Rosenbaum granting the defendants' motion to dismiss the consolidated amended class action complaint. The case is closed.

The original complaint charges defendants with violations of federal securities laws. Specifically, plaintiff claims that defendants immediately became aware that a new enterprise computer system was a complete failure, resulting in massive problems with every aspect of the company's business, including order taking, order processing, shipping and billing. Defendants however, concealed the full extent of the widespread pervasive failure of the system until accounts receivable spiraled out of control and the company was forced to take significant accounting charges and place a high level of orders on hold to correct the situation.