Contact Information: Contact: Lewis Kahn Kahn Gauthier Swick, LLC 650 Poydras St., Suite 2150 New Orleans, LA 70130 1-866-467-1400, ext. 100 Lewis.kahn@kgscounsel.com
INVESTOR ALERT: KGS Notifies Insight Enterprises, Inc. Investors With Losses Greater Than $250,000 of Lead Plaintiff Application Deadline in Securities Fraud Class Action Lawsuit -- NSIT
| Source: Kahn Gauthier Swick, LLC
NEW ORLEANS, LA--(Marketwire - March 26, 2009) - Kahn Gauthier Swick, LLC ("KGS") announces
that a securities fraud class action lawsuit was filed in the United States
District Court for the District of Arizona, on behalf of purchasers of the
securities of Insight Enterprises, Inc. ("Insight" or the "Company")
(NASDAQ : NSIT ) between January 30, 2007 and February 6, 2009, inclusive
(the "Class Period"). No class has yet been certified in this action.
If you would like to discuss your legal rights, along with the lead
plaintiff position and its related responsibilities including overseeing
lead counsel with a goal of obtaining a fair settlement, you may e-mail or
call KGS Managing Partner Lewis Kahn, without obligation or cost to you,
toll free 1-866-467-1400, ext. 100, via cell phone after hours at
504-301-7900, or by email at lewis.kahn@kgscounsel.com.
Insight and certain of its executive officers are charged with violating
the Securities Exchange Act of 1934 by issuing a series of materially false
and misleading statements during the Class Period. On February 9, 2009,
Insight shocked investors when it revealed that it would have to restate
previously reported earnings as the result of improperly accounting for
trade credits. Insight expected to restate for the year ended December 31,
2007 and the first three quarters of 2008. On this news, Insight shares
fell $2.85 per share, almost 50%, to close at $3.05 per share on February
9, 2009. Thereafter, the Company disclosed that the SEC has requested
documentation related to its historical treatment of trade credits.
If you wish to serve as lead plaintiff in this class action lawsuit, you
must move the Court no later than 60 days from March 24, 2009. Any member
of the putative class may move the Court to serve as lead plaintiff through
counsel of their choice, or may choose to do nothing and remain an absent
class member. If you would like to discuss your legal rights, you may
e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost
to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone
504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about
KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on
securities class action litigation with offices in New Orleans and New York
City.
KGS' lawyers have significant experience litigating complex securities
class actions. Among other cases, KGS has been appointed Lead or Co-Lead
Counsel in the following securities cases: In re: U.S. Auto Parts Networks,
Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities
Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation,
S.D.N.Y.; Whitney Information Network, M.D. Fla.; In re Superior Offshore
International, Inc. Securities Litigation, S.D. Tex.; Terayon Comm. Systems
Inc., N.D. Cal.; and In re BigBand Networks, Inc. Securities Litigation,
N.D. Cal.
SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may
consider to represent your interests in the Insight class action. The
Private Securities Litigation Reform Act ("PSLRA") permits Insight
shareholders to choose counsel of their choice to prosecute this action.
Critical components of a law firm's ability to successfully prosecute this
action and obtain a strong recovery for you include the resources it will
dedicate to prosecution of the case, including the number of lawyers the
firm has available for the Insight action in particular, AND especially the
quality of the firm's work. Interested shareholders are encouraged to call
for consultation and to request more information about KGS. While KGS has
not filed suit yet, the firm is currently conducting its own investigation
of Insight and invites shareholders to evaluate its complaint when choosing
counsel.