September 30, 2011 - The court ordered the case dismissed with prejudice.
August 26, 2011 - The court granted the defendants' motion to dismiss without prejudice and granted lead plaintiff leave to file an amended complaint.

November 23, 2010 - The defendants filed a motion to dismiss.

October 11, 2010 - The lead plaintiff filed an amended complaint.

August 26, 2010 - The lead plaintiff and lead counsel were appointed.

May 10, 2010 - Lead plaintiff motions were filed.

March 11, 2010 - An investor in shares of Schweitzer-Mauduit International Inc (NYSE: SWM) filed a lawsuit in the U.S. District Court for the Northern District of Georgia against Schweitzer-Mauduit International Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between August 5, 2009 and February 10, 2010.

According to the complaint the plaintiff alleges that Schweitzer-Mauduit International Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between August 5, 2009 and February 10, 2010 materially false and misleading statements regarding its business and financial results.

The complaint further claims that between August 5, 2009 and February 10, 2010 Schweitzer-Mauduit International Inc misrepresented the strength of Schweitzer-Mauduit International Inc's competitive position and concealed problems with its most important customer and as a result of defendants' false and misleading statements, Schweitzer-Mauduit International Inc (NYSE: SWM) stock traded at artificially inflated prices between August 5, 2009 and February 10, 2010, reaching a high of $82 per share on January 14, 2010.

Schweitzer-Mauduit International Inc reported in 2007 Total Revenue of $714.80million with a Net Income of $3.40million, in 2008 Total Revenue of $767.90million with a Net Income of $0.7million, and in 2009 Total Revenue of $740.40million with a Net Income of$35.60million.

On February 10, 2010, after the market closed, Schweitzer Mauduit International Inc reported its fourth quarter and full year 2009 financial results and in the conference call following the release, Schweitzer Mauduit International disclosed its most important customer's decision to try competitive products and announced its filing of a patent lawsuit against competitors. As a result, so the lawsuit, Schweitzer Mauduit International 's stock (NYSE: SWM) declined $23.58 per share to close at $46.65 per share on February 11, 2010.

The plaintiff seeks to recover damages on behalf of all purchasers of Schweitzer common stock between August 5, 2009 and February 10, 2010
Shares of Schweitzer-Mauduit International Inc recently traded at $44.99 per share, down from its 52weekHigh of $83.93per share.

Schweitzer-Mauduit International Inc, located in Alpharetta, Georgia, is a multinational diversified producer of specialty papers and a supplier of fine papers to the tobacco industry. The company manufactures and sells paper and reconstituted tobacco products to the tobacco industry, as well as specialized paper products for use in other applications.