December 13, 2017 - Parties filed a stipulation of settlement.
October 31, 2016 - The lead plaintiffs filed a second amended consolidated complaint.

March 29, 2016 - The U.S. Court of Appeals for the Second Circuit vacated and remanded in part and affirmed in part the judgement of the district court.

October 30, 2014 - The lead plaintiffs filed a notice of appeal.

January 30, 2014 - The court granted the defendants motion for partial reconsideration, plaintiffs' remaining claims were dismissed with prejudice and without leave to replead and the case was ordered closed.

October 15, 2013 - The defendants filed a motion for partial reconsideration of the September 30, 2013 order.

September 30, 2013 - The court in part denied and in part granted the defendants’ motion to dismiss.

November 9, 2012 - Defendants filed a motion to dismiss.

August 30, 2012 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased SAIC Inc (NYSE: SAI) common shares between April 11, 2007 and September 1, 2011. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 11, 2007 and September 1, 2011.

June 14, 2012 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

April 23, 2012 - Lead plaintiff motions were filed.

February 22, 2012 - An investor in shares of SAIC Inc (NYSE: SAI) filed a lawsuit in the U.S. District Court for the Southern District of New York against SAIC Inc over alleged violations of Federal Securities Laws in connection with certain false and misleading statements made with its CityTime project between April 11, 2007 and September 1, 2011.

According to the complaint the plaintiff alleges on behalf of purchasers of SAIC Inc (NYSE: SAI) common stock during the period between April 11, 2007 and September 1, 2011, that SAIC Inc and certain of its officers and directors violated the Securities Exchange Act of 1934. Specifically, the plaintiff alleges that between April 11, 2007 and September 1, 2011 defendants issued materially false and misleading statements regarding SAIC Inc’s financial performance and future prospects.

Since 2000, SAIC Inc has developed and implemented an automated timekeeping and workforce management system ( CityTime ) for certain agencies of the City of New York.

Then in December 2010, the U.S. Attorney's Office for the Southern District of New York filed a criminal complaint against six individuals.

On May 26, 2011, an indictment was unsealed against a former project manager for SAIC Inc. The indictment against project manager alleged that he received more than $5 million in illegal kickbacks. Another former SAIC Inc employee, who was the chief systems engineer on the project, has pleaded guilty to wire-fraud conspiracy, wire fraud, and money-laundering conspiracy. On May 27, 2011, another criminal complaint was filed against a former SAIC Inc employee over allegations that the former employee conspired to defraud the City into extending the duration and overpaying for the CityTime project. The former employee allegedly received kickbacks totaling $5.6 million. On June 2, 2011, SAIC Inc disclosed in a regulatory filing the criminal investigation by the U.S. Attorney for the Southern District of New York and revealed new details of its internal investigation of the Citytime project.

Then on July 1, 2011, SAIC Inc disclosed that on June 29, 2011, SAIC Inc received a letter from Mayor Bloomberg which requested that SAIC Inc reimburse the city for the approximately $600 million paid by the city to SAIC Inc for CityTime and the cost of investigating and remediating the CityTime program.

On August 31, 2011, SAIC Inc disclosed financial results for the quarter ended July 31, 2011 that were materially lower than expected by analysts. Among other things, SAIC Inc also announced that it materially lowered its financial guidance for fiscal 2012 revenue and earnings.

SAIC Inc (NYSE: SAI)common stock fell from $15.00 per share on August 31, 2011 to $12.97 on September 1, 2012.

Then on October 24, 2011, SAIC Inc disclosed in a filing with the SEC that, among other things, the employment of several senior officers at SAIC Inc was terminated due to failures of management with respect to the CityTime program.

Shares of SAIC Inc (NYSE: SAI) fell from over $17.50 per share in May 2011 to as low as $11.26 per share in November 2011.