Integral Systems Announces Preliminary Court Approval of Voluntary Dismissal in Shareholder Derivative Litigation
COLUMBIA, Md., Sept. 21 /PRNewswire-FirstCall/ — Integral Systems, Inc., (Nasdaq: ISYS) announced that an order has been filed preliminarily approving voluntary dismissal of a shareholder derivative action. The lawsuit was filed on July 14, 2009 in the United States District Court for the District of Maryland. The order included a Notice of Voluntary Dismissal of Derivative Action.
The shareholder filing the complaint had previously submitted a demand letter to the Company’s board of directors on February 23, 2009. The Company anticipates final resolution of this action in a reasonable period of time.
“We are pleased that we are making progress in resolving this outstanding matter and we are looking forward to a resolution so that we may focus our attention on the growth of the company and delivering value to our customers and shareholders,” said Paul Casner, Chief Executive Officer of Integral Systems.
ABOUT INTEGRAL SYSTEMS
Integral Systems, Inc., of Columbia, MD, applies more than 25 years experience to provide integrated technology solutions for SATCOM-interfaced networks. Customers have relied on the Integral Systems family of companies (Integral Systems Inc., Integral Systems Europe, Lumistar, Inc., Newpoint Technologies, Inc., RT Logic, and SAT Corporation) to deliver on time and on budget for more than 250 satellite missions. Our dedication to customer service has solidified long-term relationships with the U.S. Air Force, NASA, NOAA, and nearly every satellite operator in the world. Integral Systems is listed in Forbes’ Top 200 Small Companies in America for 2008. For more information, visit www.integ.com.
Company Contact: Kathryn Herr Vice President, Marketing and Communications Integral Systems, Inc. Phone: 443.539.5118 firstname.lastname@example.org
SOURCE Integral Systems, Inc.