Weiss & Yourman Files Class Action Lawsuit Against i2 Technologies, Inc.

Apr 10, 2001, 01:00 ET from Weiss & Yourman

    LOS ANGELES, April 10 /PRNewswire/ -- Weiss & Yourman announced that it
 has filed a class action complaint on behalf of all persons who acquired
 i2 Technologies, Inc. (Nasdaq: ITWO) securities between January 9, 2001 and
 February 26, 2001, inclusive (the "Class Period").  The complaint charges i2
 and certain officers/directors with violations of Sections 10(b) and 20(a) of
 the Securities Exchange Act of 1934.
     i2 is a provider of supply chain management software, including
 TradeMatrix and RHYTHM, which are used to plan and schedule manufacturing and
 related logistics, from raw materials procurement to customer delivery.
 According to the complaint, Nike, Inc., which was a large customer of i2, was
 riddled with problems due to i2's software, putting Nike's relationship with
 i2, at risk.  The complaint alleges that defendants, who knew of these
 problems, did not disclose them to the investing public, because i2's business
 would have suffered had the problems with Nike been revealed.  Therefore,
 during the Class Period, investors overpaid for shares of i2 stock that were
 artificially inflated.
     On February 26, 2000, after the close of the market, Nike issued a press
 release revising its third quarter and fiscal 2001 earnings because of, among
 other things, "complications arising from the impact of implementing [its] new
 demand and supply planning systems" which were developed by i2.  Specifically,
 Nike was forced to reduce its shoe sales by $80-$100 million because of
 problems that it had implementing a new i2 supply-chain management system
 which caused shortages of some products and overstocking of others.
     If you are a member of the class described above, you may, no later than
 May 1, 2001, move the Court to serve as lead plaintiff, if you so choose.  If
 you wish to discuss this action, or have any questions concerning this notice,
 or your rights or interests with respect to this matter, please contact: Weiss
 & Yourman, 10940 Wilshire Blvd., 24th Floor, Los Angeles, CA  90024.
 Telephone: (310) 208-2800 or Toll-free: (800) 437-7918.  E-mail:
 info@wyca.com.
     Plaintiff seeks to recover damages on behalf of all purchaser of i2 common
 stock during the Class Period.  Plaintiff is represented by Weiss & Yourman,
 who has extensive experience in securities class actions.  Information about
 Weiss & Yourman and more information about this case are available at
 www.wyca.com.
 
 

SOURCE Weiss & Yourman
    LOS ANGELES, April 10 /PRNewswire/ -- Weiss & Yourman announced that it
 has filed a class action complaint on behalf of all persons who acquired
 i2 Technologies, Inc. (Nasdaq: ITWO) securities between January 9, 2001 and
 February 26, 2001, inclusive (the "Class Period").  The complaint charges i2
 and certain officers/directors with violations of Sections 10(b) and 20(a) of
 the Securities Exchange Act of 1934.
     i2 is a provider of supply chain management software, including
 TradeMatrix and RHYTHM, which are used to plan and schedule manufacturing and
 related logistics, from raw materials procurement to customer delivery.
 According to the complaint, Nike, Inc., which was a large customer of i2, was
 riddled with problems due to i2's software, putting Nike's relationship with
 i2, at risk.  The complaint alleges that defendants, who knew of these
 problems, did not disclose them to the investing public, because i2's business
 would have suffered had the problems with Nike been revealed.  Therefore,
 during the Class Period, investors overpaid for shares of i2 stock that were
 artificially inflated.
     On February 26, 2000, after the close of the market, Nike issued a press
 release revising its third quarter and fiscal 2001 earnings because of, among
 other things, "complications arising from the impact of implementing [its] new
 demand and supply planning systems" which were developed by i2.  Specifically,
 Nike was forced to reduce its shoe sales by $80-$100 million because of
 problems that it had implementing a new i2 supply-chain management system
 which caused shortages of some products and overstocking of others.
     If you are a member of the class described above, you may, no later than
 May 1, 2001, move the Court to serve as lead plaintiff, if you so choose.  If
 you wish to discuss this action, or have any questions concerning this notice,
 or your rights or interests with respect to this matter, please contact: Weiss
 & Yourman, 10940 Wilshire Blvd., 24th Floor, Los Angeles, CA  90024.
 Telephone: (310) 208-2800 or Toll-free: (800) 437-7918.  E-mail:
 info@wyca.com.
     Plaintiff seeks to recover damages on behalf of all purchaser of i2 common
 stock during the Class Period.  Plaintiff is represented by Weiss & Yourman,
 who has extensive experience in securities class actions.  Information about
 Weiss & Yourman and more information about this case are available at
 www.wyca.com.
 
 SOURCE  Weiss & Yourman