Systemax Responds to Complaint Filed by Florida Attorney General’s Office and Announces Dismissal of Federal Class Action Lawsuit
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.
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