Insight Hit With Investor Suit Over Accounting Errors

Law360, New York (April 24, 2009, 12:00 AM EDT) -- An investor has lodged a putative class action against technology provider Insight Enterprises Inc. and its officers and directors accusing them of misleading shareholders about accounting errors, which led to financial restatements and a dramatic drop in the company’s stock price.

Plaintiff Dimitriy Karpov filed suit against the Tempe, Ariz.-based company and a dozen directors and officers on Thursday in U.S. District Court for the District of Arizona.

The suit is seeking to represent all injured parties who purchased Insight shares between April 22, 2004, and...
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