Systemax Responds to Complaint Filed by Florida Attorney General’s Office & Announces Dismissal of Federal Class Action Law...
September 04 2009 - 5:19PM
Business Wire
Systemax Inc. (NYSE: SYX) announced that a complaint was filed
today by the Florida Attorney General (AG) against the Company and
certain of its subsidiaries in the Circuit Court of the Eleventh
Judicial Circuit, in Miami-Dade County, Florida. The complaint
relates to rebate processing activities conducted by OnRebate Inc,
primarily during 2005-early 2007.
A separate class action lawsuit making similar allegations was
filed in federal court in 2007. On August 31, 2009 the U.S District
Court for the Southern District of Florida issued a final order of
dismissal of that case.
A Company spokesperson stated, “We are pleased that we prevailed
in federal court in the Vukson matter. OnRebate processed and paid
over 2 million individual rebates. While there were relatively few
customer complaints, and we regret any of them, we believe all
customers who were entitled to rebates did receive them. The
Company denies the allegations in the Florida AG complaint and will
vigorously defend itself and its subsidiaries.”
About Systemax Inc.
Systemax Inc. (http://www.systemax.com), a Fortune 1000 company,
sells personal computers, computer supplies, consumer electronics
and industrial products through a system of branded e-commerce web
sites, retail stores, relationship marketers and direct mail
catalogs in North America and Europe.
Forward-Looking Statements
This press release contains forward-looking statements about the
Company’s performance. These statements are based on management’s
estimates, assumptions and projections and are not guarantees of
future performance. The Company assumes no obligation to update
these statements. Actual results may differ materially from results
expressed or implied in these statements as the result of risks,
uncertainties and other factors including, but not limited to: (a)
unanticipated variations in sales volume, (b) economic conditions
and exchange rates, (c) actions by competitors, (d) the
continuation of key vendor relationships, (e) the ability to
maintain satisfactory loan agreements with lenders, (f) risks
associated with the delivery of merchandise to customers utilizing
common carriers, (g) the operation of the Company’s management
information systems, and (h) unanticipated legal and administrative
proceedings. Please refer to “Risk Factors” and the Forward Looking
Statements sections contained in the Company’s Form 10-K for a more
detailed explanation of the inherent limitations in such
forward-looking statements.
Systemax (NYSE:SYX)
Historical Stock Chart
From May 2024 to Jun 2024
Systemax (NYSE:SYX)
Historical Stock Chart
From Jun 2023 to Jun 2024