March 29, 2010 - Lead plaintiffs withdrew notice of appeal.
March 26, 2010 - Lead plaintiffs filed notice of appeal.

February 25, 2010 - The court granted the defendants' motion to dismiss, entered a judgment in favor of the defendants and ordered the case closed.

October 26, 2009 - Defendants filed a motion to dismiss.

September 21, 2009 - The lead plaintiff filed an amended complaint on behalf of investors who purchased Integral Systems Inc (NASDAQ: ISYS) common shares between February 4, 2008 and December 10, 2008. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between February 4, 2008 and December 10, 2008.

August 24, 2009 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

August 24, 2009 - The court granted the plaintiff's motion to vacate and reinstated the complaint.

August 4, 2009 - A plaintiff filed a motion to vacate the order dismissing the case.

July 21, 2009 - The court ordered the case dismissed without prejudice.

February 17, 2009 - Lead plaintiff motion was filed.

December 15, 2008 - An investor in shares of Integral Systems Inc (formerly NASDAQ: ISYS) filed a lawsuit in the U.S. District Court for the District of Maryland against Integral Systems Inc over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff charges Integral Systems Inc and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that between April 28, 2008 and December 10, 2008 defendant issued materially false and misleading statements regarding Integral Systems Inc’s business and financial results.

The plaintiff claims that defendants' material omissions and dissemination of materially false and misleading statements concerning Integral Systems Inc's business, operations and prospects, caused Integral Systems Inc's (NASDAQ: ISYS) stock price to become artificially inflated, inflicting damages on investors.

The complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements were materially false and misleading. Specifically, the Complaint alleges that defendants' public statements were false and misleading or failed to disclose or indicate the following: (1) that Integral Systems Inc improperly recognized revenue; (2) that as a result, Integral Systems Inc misstated its financial results during the Class Period; (3) that Integral Systems Inc's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (4) that Integral Systems Inc lacked adequate internal and financial controls; and (5) as a result of the above, Integral Systems Inc's financial statements were materially false and misleading at all relevant times.

On December 11, 2008, Integral Systems Inc shocked investors when it revealed that the unaudited financial statements of Integral Systems Inc for the interim periods ended December 31, 2007, March 30, 2008 and June 30, 2008 should no longer be relied upon due to an error in the accounting treatment for certain transactions with respect to the timing of the recognition of revenue between periods. Integral Systems Inc further disclosed that, as a result, Integral Systems Inc would restate its previously filed financial statements for those interim quarterly periods in fiscal year 2008. Integral Systems Inc estimated that the net impact of the adjustments for the first three quarters of 2008 would result in a decrease of approximately $10 million in revenues, a decrease of approximately $3 million in gross profit, a decrease of approximately $4 million in operating income, and a decrease of approximately $0.13 in earnings per share. With this news, shares of Integral Systems Inc declined $6.38 per share, or 28.61%, to close on December 11, 2008 at $15.92 per share, on unusually heavy volume.

Integral Systems builds satellite ground systems and equipment for command and control, integration and test, data processing, and simulation.