Zumiez Inc. said that shareholder litigation involving Zumiez and its officers and directors has been dismissed.

On March 30, 2009, the U.S. District Court for the Western District of Washington dismissed a securities class action brought against Zumiez and three of its officers and directors. The action was purportedly commenced on behalf of all individuals who purchased Zumiez stock from March 14, 2007 to Jan. 4, 2008, and alleged that Zumiez and certain individuals made materially false or misleading statements during the proposed class period and engaged in insider trading. The defendants moved to dismiss all claims in October 2008.


Zumiez said that the Court issued its ruling on March 30, 2009 without oral argument, dismissing the case with prejudice. Following this ruling, a related shareholder derivative action, which was filed in the Superior Court for the State of Washington, Snohomish County, was voluntarily dismissed. Zumiez and its officers and directors were represented in the cases by Wilson Sonsini Goodrich & Rosati, PC.

Rick Brooks, CEO of Zumiez, stated: “We are pleased to have these lawsuits behind us, and agree with the district court’s decision to dismiss the securities case at the earliest possible stage, which was based on its finding that the claims in that case were ‘flawed on every level.’”