According to a press release dated June 9, 2006, the complaint charges CSK Auto and certain of its officers and directors with violations of the Securities Exchange Act of 1934. CSK Auto operates as a specialty retailer of automotive aftermarket parts and accessories in the United States. According to the complaint, the true facts, which were concealed by defendants during the Class Period, were as follows: (a) CSK's financial statements were unreliable and its internal controls were inadequate; and (b) the Company's published financial statements violated Generally Accepted Accounting Principles. Specifically, the complaint alleges that during the Class Period, defendants issued false statements about CSK Auto's earnings, assets and business prospects causing the Company's stock to trade at artificially inflated levels. While the Company's stock was artificially inflated due to defendants' false statements, certain officers and directors sold 75,106 shares of their CSK Auto stock for proceeds of $1.1 million. The complaint further alleges that on or around March 27, 2006, before the market opened, the Company issued a press release announcing that it would postpone the release of its fourth quarter and fiscal 2005 financial results. The postponement was necessary to provide adequate time for the Company to conduct a thorough review of certain accounting errors and irregularities discovered in the course of its ongoing assessment of internal control over financial reporting and an internal audit. On this news, CSK Auto stock dropped $1.26 to $14.64 per share, after hitting a low of $14.40 per share.

If you bought CSK Auto Corporation securities between September 2, 2004 and March 24, 2006, inclusive, and would like to obtain information about the CSK Auto Corporation lawsuit, then you are invited to call (866) 467-1400 to speak with an attorney.