TORONTO, Sept. 20 /CNW/ - Constellation Software Inc. ("Constellation")
(TSX: CSU) announced today that on September 19, 2006, the U.S. District Court
for the District of New Jersey issued an opinion and order in the matter of
A.D.M. Club Management Systems, Inc. v. Gary Jonas Computing, Ltd., Civ. No.
05-3943 (HAA), dismissing all claims brought by four former independent sales
representatives of Jonas software against Gary Jonas Computing, Ltd. and CSI
USA Distribution, Inc. (each a wholly-owned subsidiary of Constellation). The
court dismissed with prejudice the antitrust claim asserted by all of the
sales representatives on the basis that the sales representatives had not
suffered an antitrust injury and, therefore, lacked standing to bring an
antitrust claim. As to two of the sales representatives, whose written
agreements contained forum selection clauses specifying the Courts of Ontario,
Canada as the mandatory forum for resolving disputes, the court dismissed
their non-antitrust claims without prejudice to being brought in the agreed
forum. The claims of the two remaining sales representatives were dismissed,
without prejudice, because the court found that New Jersey was an improper
venue for resolution of their claims. Having dismissed all claims, the court
issued its final, appealable order and closed the case.
Forward Looking Statements
Certain statements herein may be "forward looking" statements that
involve known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of Constellation or the
industry to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
statements reflect current assumptions and expectations regarding future
events and operating performance and speak only as of the date hereof. Forward
looking statements involve significant risks and uncertainties, should not be
read as guarantees of future performance or results, and will not necessarily
be accurate indications of whether or not such results will be achieved. A
number of factors could cause actual results to vary significantly from the
results discussed in the forward looking statements. These forward looking
statements are made as of the date hereof and Constellation assumes no
obligation to update any forward looking statements to reflect new events or
circumstances.
About Constellation:
Constellation's common shares are listed on the Toronto Stock Exchange
under the symbol "CSU". Constellation Software is an international provider of
market leading software and services to a number of industries across both the
public and private sectors. The Company acquires, manages and builds vertical
market software businesses that provide mission-critical software solutions to
address the specific needs of its customers in those industries.
