WASHINGTON, Oct. 3 /PRNewswire/ -- The law firm of Finkelstein, Thompson & Loughran ("FTL") announces that a lawsuit seeking class action status has been filed in the United States District Court for the Middle District of Florida against Jabil Circuit, Inc. ("Jabil Circuit" or the "Company") (NASDAQ:JBL). FTL is investigating similar claims at this time and welcomes inquiries from investors concerning their rights and interests in this matter. The putative class action alleges that Jabil Circuit and certain officers and directors violated federal securities laws related to the backdating of stock options. Specifically, the complaint asserts that Jabil Circuit violated the federal securities laws by issuing false or misleading public statements regarding its financial results, and that the Company omitted to disclose that it was engaging in the backdating of stock option grants to executives and other employees. On May 3, 2006, the Company disclosed that it had been contacted by the SEC and that the SEC would be requesting information regarding past stock option grant practices. On June 21, 2006, Jabil Circuit announced that it had received a subpoena from the U.S. Attorney's office for the Southern District of New York requesting stock option related material. The market responded sharply to this news with Jabil Circuit's share price plummeting approximately 39% from a closing price of $40.78 per share on May 3, 2006 to a closing price of $24.79 on June 22, 2006. FTL has spent almost three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, in the past ten years, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. If you purchased Jabil Circuit securities between September 19, 2001 and June 21, 2006, inclusive, and wish to discuss this announcement or have information relevant to the investigation, please contact FTL's Washington, DC office at (877) 337-1050, or by email at . DATASOURCE: Finkelstein, Thompson & Loughran CONTACT: Finkelstein, Thompson & Loughran, +1-877-337-1050, Web site: http://www.ftllaw.com/

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