Insight Enterprises, Inc. ("Insight" or the Company) is an American global technology company that provides computer hardware, software, cloud solutions and IT services.

According to a press release dated March 25, 2009, the Complaint charges that Insight and certain of its officers and directors violated federal securities laws by making materially false statements. Specifically, Defendants failed to disclose the following: (i) Insight was improperly accounting for trade credits; (ii) the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (iii) Insight lacked adequate internal and financial controls; and (iv) as a result, the Company's financial statements were materially false and misleading.

On February 9, 2009, Insight revealed that it would restate its previously reported earnings as a result of its historical accounting treatment of aged trade credits. Insight also announced that it expects to restate financial statements included in the Company's most recently filed Annual Report on Form 10-K, for the year ended December 31, 2007, and in the Quarterly Reports on Form 10-Q for the first three quarters of fiscal year 2008. On this news, shares of Insight fell $2.85 to close at $3.05 per share.

On June 12, 2009, the Plaintiff, pursuant to Fed. R. Civ. P. Rule 41(a)(1), voluntarily dismissed action without prejudice. A related case filed under Docket 09-CV-01283 continues.

On August 5, 2009, Plaintiff filed an amended Complaint. Defendant filed a Motion to Dismiss the amended Complaint on August 31. On January 8, 2010, the Court issued an Order granting Defendant's Motion to Dismiss. Plaintiff was given leave to file an amended Complaint. On February 8, Plaintiff filed an amended Complaint.

Defendant filed a Motion to Dismiss the second amended Complaint on March 22, 2010. On July 12, the Court issued an Order granting Defendant's Motion to Dismiss. The action was dismissed with prejudice. On August 6, 2010, Plaintiff filed a Notice appealing this decision. On January 9, 2012, the Court of Appeals affirmed the District Court's decision to Dismiss the case.