Bronstein, Gewirtz & Grossman, LLC Announces That a Class Action Has Been Filed Against Insight Enterprises, Inc.


NEW YORK, NY--(Marketwire - April 1, 2009) - Bronstein, Gewirtz and Grossman, LLC announces that a class action lawsuit has been filed in the United States District Court for the District of Arizona on behalf of those who purchased or otherwise acquired the securities of Insight Enterprises, Inc. ("Insight Enterprises" or the "Company") (NASDAQ: NSIT) during the period from January 30, 2007 through and including February 6, 2009 (the "Class Period").

The Complaint charges Insight Enterprises and certain of the Company's current and former executive officers with violations of federal securities laws. On February 9, 2009, Insight Enterprises shocked the market when it revealed that the Company's management and Audit Committee had determined that Insight Enterprises would have to restate previously reported earnings as a result of it historical accounting treatment of aged trade credits. Insight announced that it expected to restate financial statement included in the Company's most recently filed form 10-k for the year ended December 31, 2007, form 10-Q for the first three quarters of fiscal year 2008, and incur a charge to retained earnings of $50 to $70 million. On this news, shares of the Company declined $2.85 per share, more than 48% to close on February 9, 2009 at $3.05 per share, on unusually heavy call volume.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. May 26, 2009 is the deadline for investors to seek a lead plaintiff appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration.

Contact Information: Contacts: Peretz Bronstein Eitan Kimelman Bronstein, Gewirtz & Grossman, LLC 212-697-6484

GlobeNewswire