NEW YORK, Aug. 7, 2007 (PRIME NEWSWIRE) -- Harwood Feffer LLP today announced that on July 19, 2007 it amended a class action against CDW Corporation ("CDW") (Nasdaq:CDWC) and its directors alleging fiduciary breaches on behalf of CDW shareholders to include claims of proxy violations under Section 14 and Section 20 of the Securities Exchange Act of 1934. The proxy material solicits proxies for a shareholder meeting scheduled for August 9, 2007.
The action, Index No. 07C 3033, is pending in the United States District Court for the Northern District of Illinois and names as defendants, John A. Edwardson, Michelle L. Collins, Casey G. Cowell, Daniel S. Goldin, Thomas J. Hansen, Donald P. Jacobs, Stephan A. James, Michael P. Krasny, Terry L. Lengfelder, Susan D. Wellington, Brian E. Williams and CDW. A copy of the complaint can be obtained from the Court.
The complaint charges that the defendants breached their fiduciary duties to the Company's shareholders and violated the Securities Exchange Act of 1934. More specifically, the complaint alleges that defendants failed to disclose certain material facts in connection with the acquisition of CDW by the private equity firm Madison Dearborn Partners LLC, entered into the agreement with Madison Dearborn by a flawed process, and that the price being offered for the Company's stock was inadequate. The complaint also includes claims for breach of fiduciary duty. It is brought on behalf of a class of all shareholders except for the named defendants and persons or entities related to or affiliated with the defendants.
If you own CDW shares, you may request that the Court appoint you as lead plaintiff by October 6, 2007. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Harwood Feffer, or other counsel of your choice, to serve as your counsel in this action.
Harwood Feffer has taken a leading role in many important actions on behalf of defrauded shareholders. The Harwood Feffer website (www.hfesq.com) has more information about the firm and detailed information regarding this matter. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following: