SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 16745 / October 2, 2000
Securities and Exchange Commission v. Intelligent Decision Systems, Inc.
Civil No. 1:00-CV-02341 (D.D.C.) (filed September 29, 2000).
On September 29, 2000, the Commission filed a complaint in the United States District Court for the District of Columbia against Intelligent Decision Systems, Inc. ("IDSI"). The complaint alleges that IDSI, a company that markets and leases computer systems, failed to make available to the investing public current and accurate information about its financial condition and results of operation through the filing of periodic reports with the Commission as required by the Securities Exchange Act of 1934. Specifically, the complaint alleges that IDSI has not filed its Annual Reports on Form 10-K for the fiscal years ended June 30, 1998, 1999 and 2000; its Quarterly Reports on Form 10-Q for the fiscal quarters ended September 30, 1998, December 31, 1998, March 31, 1999, September 30, 1999, December 31, 1999 and March 31, 2000; and nine Notifications of Late Filing with respect to its delinquent reports. The Commission seeks to compel IDSI to file its delinquent periodic reports and enjoin IDSI from further violations of Section 13(a) of the Exchange Act of 1934 and Rules 12b-25, 13a-1 and 13a-13 thereunder.