NEW YORK, April 10, 2009 (GLOBE NEWSWIRE) -- Pomerantz Haudek Block Grossman & Gross LLP is investigating claims on behalf of investors of Insight Enterprises, Inc. ("Insight" or the "Company) (Nasdaq:NSIT) during the period of January 30, 2007 to February 6, 2009 (the "Class Period".)
Insight provides brand-name information technology hardware, software, and services worldwide to businesses and public sector institutions. On February 9, 2009, the Company announced that it would have to restate its previously reported earnings due to an error related to the release of certain aged trade credits from its balance sheet to its statement of earning prior to the complete release of underlying liabilities under applicable legal requirements. According to the Company, the restatement will include a material reduction of retained earnings as of December 31, 2004, related to the accumulation of such errors in prior periods. Insight disclosed that the cumulative effect of the restatement is expected to be $50 - $70 million, before consideration of any tax effects.
Those who invested are advised to contact Teresa Webb at 888-476-6529 or 212-661-1100 or tlwebb@pomlaw.com. Pomerantz has prosecuted securities fraud claims for 70 years, and is regarded as one of the country's premier class action firms. The firm has offices in New York City, Chicago, Washington, D.C., San Francisco and Columbus, Ohio.