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Case Status:    SETTLED
On or around 10/01/2004 (Date of order of final judgment)

Filing Date: March 02, 2001

A Stipulation and Agreement of Settlement with sole remaining Defendant Arthur Andersen LLP was entered into the Court on February 4, 2005. According to the Stiulation and Agreement of Settlement, the Gross Andersen Settlement Fund is in the amount of $2.9 million. On May 26, 2005, the Court entered the Order and Final Judgment.

On October 1, 2004, the Court issued the Order consolidating complaints filed in 2003 with Civil Action No. 01-CV-00418. Also, on October 1, 2004, Johnson & Perkinson, and co-counsel obtained final approval settlement of $84.85 million with i2 Technologies and present and former executives. On June 24, 2004, the United States District Court for the Northern District of Texas preliminarily approved the settlement which also requires i2 to adopt a series of corporate-governance reforms and includes the assignment to the class of the company's claims against i2's former auditors, Arthur Andersen LLP, against whom the litigation continues.

The original complaint charges that the company and certain of its officers and directors violated the federal securities laws by providing materially false and misleading information about the company's business, and as a result, the company's stock traded at artificially inflated prices during the class period. Specifically, during the class period, unbeknownst to investors, Nike Inc., one of i2's significant customers, was experiencing problems with the implementation of i2's software, which put i2's relationship with Nike at material risk. Nevertheless, according to the complaint, defendants issued a series of materially false and misleading statements which failed to disclose, among other things, that the company was experiencing software implementation difficulties with Nike and that these problems were material and severe and damaging the company's relationship with Nike. On 02/26/2001, after the close of the market, Nike issued a press release revising its third quarter and fiscal 2001 earnings because, among other things, of complications arising from the impact of implementing its new demand and supply planning systems which were developed by i2. By the end of the day, i2's stock closed at $27.56, down 22% from the previous day's close of $35.50. Prior to the above disclosure, certain insiders took advantage of the inflated stock by selling, in aggregate more than $97 million in i2 stock to the investing public.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ITWO
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: N.D. Texas
DOCKET #: 01-CV-00418
JUDGE: Hon. Barefoot Sanders
DATE FILED: 03/02/2001
CLASS PERIOD START: 01/09/2001
CLASS PERIOD END: 02/26/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  2. Cauley Geller Bowman Coates & Rudman, LLP (New York)
    200 Broadhollow, Suite 406, Cauley Geller Bowman Coates & Rudman, LLP (New York), NY 11747
    631.367.7100 631.367.1173 ·
  3. Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA)
    225 Broadway, Suite 1900, Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA), CA 92010
    619.702.7350 619.702.7351 ·
  4. Chitwood & Harley LLP (Atlanta)
    7945 East Paces Ferry Road, 1400 Resurgens Plaza, Chitwood & Harley LLP (Atlanta), GA 30326
    404.266.1650 · info@chitwoodlaw.com
  5. Claxton & Hill
    3131 McKinney Ave., Suite 700 LB 103, Claxton & Hill, TX 75204-2471
    214.969.9099 ·
  6. Dreier Baritz & Federman
    120 N. Robinson, Suite 2720, Dreier Baritz & Federman, OK 73102
    405.235.1560 405.239.2112 · info@dreierbaritz.com
  7. Johnson & Perkinson
    1690 Williston Road, Johnson & Perkinson, VT 05403
    802.862.0030 802.862.0060 · JPLAW@adelphia.net
  8. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  9. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  10. Much Shelist Freed Denenberg Ament & Rubenstein, PC

    800-470-6824 312-621-1750 ·
  11. Murray, Frank & Sailer LLP
    275 Madison Ave 34th Flr, Murray, Frank & Sailer LLP, NY 10016
    212.682.1818 212.682.1892 · email@murrayfrank.com
  12. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  13. Shapiro Haber & Urmy LLP (Boston)
    75 State Street, Shapiro Haber & Urmy LLP (Boston), MA 02109
    617.439.3939 617.439.0134 · info@shulaw.com
  14. Stanley, Mandel & Iola LLP (Dallas)
    3100 Monticello Avenue, Suite 750 , Stanley, Mandel & Iola LLP (Dallas), TX 75205
    214.443.4300 ·
  15. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  16. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
  17. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 01-CV-00418
JUDGE: Hon. Barefoot Sanders
DATE FILED: 09/30/2003
CLASS PERIOD START: 03/22/2000
CLASS PERIOD END: 01/17/2003
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Girard Gibbs & De Bartolomeo LLP
    601 California Street, Suite 1400, Girard Gibbs & De Bartolomeo LLP, CA 94108
    415.981.4800 415.981.4846 · girardgibbs@girardgibbs.com
  2. Johnson & Perkinson
    1690 Williston Road, Johnson & Perkinson, VT 05403
    802.862.0030 802.862.0060 · JPLAW@adelphia.net
  3. Milberg Weiss Bershad & Schulman LLP (New York)
    One Pennsylvania Plaza, 49th Floor, Milberg Weiss Bershad & Schulman LLP (New York), NY 10119
    212.594.5300 212.868.1229 · info@milbergweiss.com
  4. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  5. Stanley, Mandel & Iola LLP (Dallas)
    3100 Monticello Avenue, Suite 750 , Stanley, Mandel & Iola LLP (Dallas), TX 75205
    214.443.4300 ·
No Document Title Filing Date
No Document Title Filing Date