Class Action Lawsuit Filed by Federman & Sherwood Vs. Compellent

On April 14, 2010, a class action lawsuit was filed in the United States District Court for the District of Minnesota against Compellent Technologies, Inc. by Federman & Sherwood.

The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from October 28, 2009 through April 7, 2010.

Plaintiff seeks to recover damages on behalf of the Class.