Scheiner v. i2 Technologies, Inc., et al.

Case No. 3:01-CV-418-H (N.D. Tex.).  Girard Gibbs represented lead plaintiff, the Kansas Public Employees Retirement System (KPERS), and served as co-lead counsel in this securities fraud class action on behalf of investors in i2 Technologies.  The Honorable Barefoot Sanders approved cash settlements for $88 million from the company, its officers and its former auditor, Arthur Andersen LLP.  At the insistence of KPERS, the settlement also achieved a series of corporate governance reforms, including establishing a lead independent director position, strengthening i2’s revenue recognition policy, and providing greater independence to the i2 board’s audit committee.