OfficeMax Incorporated is active in the areas of business-to-business office product solutions and retail office products. The Company provides office supplies and paper, print and document services, technology products and solutions and furniture to large, medium-sized and small businesses and consumers. OfficeMax customers are served through direct sales, catalogs, the Internet and nearly 1,000 superstores.

According to a press release dated January 13, 2005, a class action lawsuit was filed in the United States District Court for the Northern District of Illinois on behalf of all securities purchasers of OfficeMax Incorporated. The action charges that OfficeMax and certain of its present and former executive officers violated federal securities laws by issuing a series of materially false and misleading statements to the market which had the effect of artificially inflating the market price of the Company's securities.

More specifically, the complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that certain employees of the Company fabricated supporting documentation for approximately $3.3 million in claims billed to a vendor of OfficeMax during 2003 and 2004; (2) that the Company improperly timed the recognition of recorded rebates and other such payments from vendors; (3) that the Company's financial results were in violation of Generally Accepted Accounting Principles ("GAAP"); (4) that the Company lacked adequate internal controls; and (5) that as a result of the above, the Company's financial results were materially inflated at all relevant times.

If you bought OfficeMax, Inc. securities between January 22, 2004 and January 11, 2005, inclusive, and would like to obtain information about the lawsuit, then you are invited to call (866) 467-1400 to speak with an attorney.