Axsys Technologies, Inc. ("Axsys" or the "Company") is an American company that provides infrared imaging systems and gyro-stabilized cameras for the defense, homeland security, surveillance and law enforcement fields.

According to the Complaint, this is a class action (the "Action") on behalf of holders of the common stock of Axsys, who held shares as of July 30, 2009, and their transferees, successors and assigns, seeking to pursue remedies under the Securities Exchange Act of 1934. The Action charges Defendants with making false and misleading statements in a proxy statement that they filed with the Securities and Exchange Commission and mailed to class members in connection with the sale of Axsys to General Dynamics Advanced Information System and General Dynamics Corporation.

On August 16, 2010, a Proposed Order was issued by the Court appointing Joseph Chalverus and Harvey Baker as lead Plaintiffs for the putative class pursuant to Section 21D of the Securities Exchange Act of 1934; and The Brualdi Law Firm, P.C. and Harwood Feffer LLP are were appointed as Plaintiffs’ co-lead Counsel.

On March 7, 2011, Plaintiffs dismissed the within civil action, pursuant to Federal Rule of Civil Procedure 41(a).