OFFICE MAX SUED OVER STOCK TUMBLE

The CLEVELAND PLAIN DEALER: Business, September 23, 2000

A class-action lawsuit was filed on behalf of shareholders against OfficeMax Inc. yesterday in U.S. District Court in Cleveland, charging that the retailer's chairman and chief executive, Michael Feuer, and its chief financial officer, Jeffrey Rutherford, made false and misleading statements about the company's performance last year, artificially pumping up its share price. When the Shaker Heights company later said earnings would fall below estimates, its stock price fell more than 32 percent, to $5 a share, in two days. OfficeMax stock closed at $4.44, unchanged, on the New York Stock Exchange yesterday. "It looks like this is without merit, and we're going to vigorously defend our position," Steve Baisden, an OfficeMax spokesman, said. The Landskroner Law Firm in Cleveland filed the suit.

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