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Court dismisses lawsuit against Kenexa

September 29, 2010

Kenexa announced that a lawsuit against the company alleging violations of federal securities laws was dismissed on Monday.

The class action suit had been filed June 11 with the Building Trades United Pension Trust Fund as the named plaintiff.

"We are pleased with the decision of the court to dismiss the class action lawsuit, which supports our position that the lawsuit was without merit," said CEO Rudy Karsan.

Kenexa, based in Wayne PA, provides recruitment software and also provides recruitment process outsourcing services.