Business
Constellation Software Inc. announces opinion and order in the matter of A.D.M. Club Management Systems, Inc. v. Gary Jonas Computing, Ltd., Civ. No. 05-3943 (HAA)
Constellation Software Inc. announces opinion and order in the matter of A.D.M. Club Management Systems, Inc. v. Gary Jonas Computing, Ltd., Civ. No. 05-3943 (HAA).
About this update from Constellation Software Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Sept. 20 /CNW/ - Constellation Software Inc. (\"Constellation\")\n(TSX: CSU) announced today that on September 19, 2006, the U.S. District Court\nfor the District of New Jersey issued an opinion and order in the matter of\nA.D.M. Club Management Systems, Inc. v. Gary Jonas Computing, Ltd., Civ. No.\n05-3943 (HAA), dismissing all claims brought by four former independent sales\nrepresentatives of Jonas software against Gary Jonas Computing, Ltd. and CSI\nUSA Distribution, Inc. (each a wholly-owned subsidiary of Constellation). The\ncourt dismissed with prejudice the antitrust claim asserted by all of the\nsales representatives on the basis that the sales representatives had not\nsuffered an antitrust injury and, therefore, lacked standing to bring an\nantitrust claim. As to two of the sales representatives, whose written\nagreements contained forum selection clauses specifying the Courts of Ontario,\nCanada as the mandatory forum for resolving disputes, the court dismissed\ntheir non-antitrust claims without prejudice to being brought in the agreed\nforum. The claims of the two remaining sales representatives were dismissed,\nwithout prejudice, because the court found that New Jersey was an improper\nvenue for resolution of their claims. Having dismissed all claims, the court\nissued its final, appealable order and closed the case.\n\nForward Looking Statements\n\nCertain statements herein may be \"forward looking\" statements that\ninvolve known and unknown risks, uncertainties and other factors that may\ncause the actual results, performance or achievements of Constellation or the\nindustry to be materially different from any future results, performance or\nachievements expressed or implied by such forward-looking statements. These\nstatements reflect current assumptions and expectations regarding future\nevents and operating performance and speak only as of the date hereof. Forward\nlooking statements involve significant risks and uncertainties, should not be\nread as guarantees of future performance or results, and will not necessarily\nbe accurate indications of whether or not such results will be achieved. A\nnumber of factors could cause actual results to vary significantly from the\nresults discussed in the forward looking statements. These forward looking\nstatements are made as of the date hereof and ...