Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of action
sports related apparel, footwear, equipment and accessories, today
announced that shareholder litigation involving Zumiez and its officers
and directors has been dismissed.
On March 30, 2009, the United States District Court for the Western
District of Washington dismissed a securities class action brought
against Zumiez and three of its officers and directors. The action was
purportedly commenced on behalf of all individuals who purchased Zumiez
stock from March 14, 2007 to January 4, 2008, and alleged that Zumiez
and certain individuals made materially false or misleading statements
during the proposed class period and engaged in insider trading. The
defendants moved to dismiss all claims in October 2008. The Court issued
its ruling on March 30, 2009 without oral argument, dismissing the case
with prejudice. Following this ruling, a related shareholder derivative
action, which was filed in the Superior Court for the State of
Washington, Snohomish County, was voluntarily dismissed. Zumiez and its
officers and directors were represented in the cases by Wilson Sonsini
Goodrich & Rosati, PC.
Rick Brooks, Chief Executive Officer of Zumiez, stated: “We are pleased
to have these lawsuits behind us, and agree with the district court’s
decision to dismiss the securities case at the earliest possible stage,
which was based on its finding that the claims in that case were ‘flawed
on every level.’”
About Zumiez Inc.
Zumiez is a leading specialty retailer of action sports related apparel,
footwear, equipment and accessories. Our stores cater to young men and
women between ages 12-24, focusing on skateboarding, surfing,
snowboarding, motocross and BMX. As of April 4, 2009 we operate 350
stores, which are primarily located in shopping malls, and our web site
address is www.zumiez.com.

Zumiez Inc.
Trevor Lang, 425-551-1500 ext 1564
Chief Financial
Officer
or
Integrated Corporate Relations
Chad
Jacobs/Brendon Frey, 203-682-8200