BENSALEM, PA -- It's nearly as certain as gravity. A high-flying stock takes a tumble, and shareholder lawsuits come quickly thereafter.

A class action lawsuit filed in U.S. District Court in Florida claims Jabil Circuit misrepresented its financial performance between Sept. 19, 2001 and June 21, 2006, thus artificially inflating its stock price.
On behalf of current and former Jabil shareholders, the Howard G. Smith Law Offices allege that Jabil violated federal securities laws by issuing a series of material misrepresentations to the market.

No class has yet been certified.

Investors who purchased Jabil Circuit securities during the contested period have until Nov. 20, 2006, to move for lead plaintiff status. No action is necessary at this time to join the class.

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