8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.20549

                                    FORM 8-K
                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): June 22, 2006

                            CHECKPOINT SYSTEMS, INC.
           -----------------------------------------------------
   (Exact name of Registrant as specified in its Articles of Incorporation)

       Pennsylvania                          22-1895850
- --------------------------------     --------------------------------
   (State of Incorporation)          (IRS Employer Identification No.)

101 Wolf Drive, PO Box 188, Thorofare, New Jersey       08086
- --------------------------------------------------  ----------------
  (Address of principal executive offices)            (Zip Code)

                                  856-848-1800
              -----------------------------------------------------
              (Registrant's telephone number, including area code)

                                       N/A
              -----------------------------------------------------
             (Former name or address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))



Item 1.01     Entry into a Material Agreement

         On June 22, 2006, Checkpoint Systems, Inc. issued a press release
announcing an agreement in principal to settle the class action complaints that
arose in connection with the ID Security Systems Canada Inc. litigation.  The
class action complaints generally allege a claim of monopolization and are
substantially based upon the same allegations as contained in the ID Security
Systems Canada Inc. case (Civil Action No. 99-CV-577), as previously disclosed
in the Registrant's annual reports on Form 10-K and quarterly reports on
Form 10-Q.

Item 9.01  Financial Statements and Exhibits

(a) Not applicable


(b) Not applicable


(c) The following exhibits are filed herewith:


Exhibit 99.1 Press Release dated June 22, 2006.





                                   Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                            CHECKPOINT SYSTEMS, INC.
Dated:  June 22, 2006                        By: /s/ John R. Van Zile
                                          Title: Senior Vice President,
                                                 General Counsel and Secretary





                            Checkpoint Systems, Inc.

                                Index of Exhibits

Exhibit Number    Description
- --------------    -----------

99.1              Press Release dated June 22, 2006

EX-99

                                    COMPANY CONTACT:
                                        Checkpoint Systems, Inc.
                                        Craig Burns
                                        Executive Vice President,
                                        Chief Financial Officer and Treasurer
                                        (856) 848-1800
                                    INVESTOR RELATIONS CONTACTS:
                                        Christine Mohrmann, Jim Olecki
                                        Financial Dynamics
                                        (212) 850-5600


             CHECKPOINT SYSTEMS, INC. ANNOUNCES AGREEMENT TO SETTLE
                        FOLLOW-ON CLASS ACTION COMPLAINTS

Thorofare, New Jersey, June 22, 2006 - Checkpoint Systems, Inc. (NYSE: CKP)
announced today an agreement in principle to settle the follow-on class action
complaints that arose in connection with the ID Security Systems Canada Inc.
litigation, as described in our SEC filings.

Subject to the provisions of this settlement agreement, Checkpoint will be
obligated to pay $1.45 million in cash and provide credits for the purchase of
90 million Model 410 RF Tag vouchers at a retail selling value of $0.035 each.
The settlement agreement is subject to various conditions, including, but not
limited to court approval. The stipulated class includes certain specified
purchasers of Model 410 disposable radio frequency tags from Checkpoint Systems,
Inc. during the period of August 2, 1998 through December 31, 2002.

"Settling this remaining action was in the best interest of the company and our
shareholders. With this resolution, we will avoid the added risks, burden, and
costs relating to litigation. Our previously announced financial guidance did
not include charges associated with this agreement and should be adjusted
accordingly," said George Off, Chairman and Chief Executive Officer of
Checkpoint Systems.

Checkpoint Systems, Inc. is a multinational manufacturer and marketer of
integrated systems solutions for retail security, labeling, and merchandising.
Checkpoint is a leading provider of EAS and RFID systems, source tagging,
hand-held labeling systems, and retail merchandising systems. Applications
include automatic identification, retail security and pricing, and promotional
labels. Operating directly in 33 countries, Checkpoint has a global network of
subsidiaries and provides professional customer service and technical support
around the world. Checkpoint Systems, Inc.'s website is located at
www.checkpointsystems.com.

placePlaceNameSafe PlaceTypeHarbor Statement
This press release may include information that could constitute
forward-looking statements made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995. Any such forward-looking
statements may involve risk and uncertainties that could cause actual results
to differ materially from any future results encompassed within the
forward-looking statements. Factors that could cause or contribute to such
differences include those matters disclosed in the Company's Security and
Exchange Commission filings.