Integrated Electrical Services Announces Dismissal of Lawsuit
HOUSTON, Aug 29, 2007 /PRNewswire via COMTEX News Network/ --
Integrated Electrical Services, Inc. (Nasdaq: IESC) announced today that the United States Court of Appeals for the Fifth Circuit issued an opinion on August 21, 2007 affirming the dismissal with prejudice of all claims in the securities fraud class action previously filed against the Company and several of its former officers. The Court ruled that the plaintiffs failed to adequately allege any claim for securities fraud and that the district court did not abuse its discretion in failing to permit further amendment of the complaint.
Integrated Electrical Services, Inc. is a national provider of electrical solutions to the commercial and industrial, residential and service markets. The Company offers electrical system design and installation, contract maintenance and service to large and small customers, including general contractors, developers and corporations of all sizes.
Contacts: Michael J. Caliel, President and CEO
Integrated Electrical Services, Inc.
713-860-1500
Ken Dennard / ksdennard@drg-e.com
Karen Roan / kcroan@drg-e.com
DRG&E / 713-529-6600
SOURCE Integrated Electrical Services, Inc.
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