Jabil Announces the Dismissal of Securities Class Action Lawsuit

Jabil Announces the Dismissal of Securities Class Action Lawsuit - 1/27/2009

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2009 News and Press Releases

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News	News 2009
HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

DISMISSAL NEWS:

Jabil Announces the Dismissal of Securities Class Action Lawsuit, Court Dismisses Lawsuit With Prejudice
Staff Writer

http://jbl.client.shareholder.com/. January 27, 2009
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EXCERPT: St. Petersburg, FL - January 27, 2009... Jabil Circuit, Inc. (NYSE: JBL) today announced that the U.S. District Court for the Middle District of Florida, Tampa Division yesterday dismissed with prejudice a consolidated securities class action lawsuit that was previously filed against Jabil, KPMG LLP, and Jabil's directors and certain of its current and former officers. This litigation initially arose as a result of a Wall Street Journal article relating to certain companies alleged backdating of stock option grants. The court's order precludes the plaintiffs from filing a fourth amended complaint. The plaintiffs may appeal this dismissal within 30 days. "The completion of two independent internal investigations; the prior settlement and dismissal of the derivative actions; the recent recommendation of no enforcement action by the SEC and this class action dismissal, seem to indicate that we have reached the end of this trying period for the company. […] Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete product supply chain management around the world. With approximately 85,000 employees and facilities in 22 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL".

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