Pomeroy IT Solutions Inc. (NASD: PMRY) announced today a Delaware court dismissed a lawsuit over a proposal by company founder David Pomeroy II to acquire all shares of the firm he doesn't already own. Separately, the company announced last week it will amend its 10-K report for its fiscal year ended Jan. 5, 2009, and its 10-Q report for the quarter ended April 5, 2009.

The company said it found errors in its treatment of aged trade credits prompting it to the make the amendments, and that it expects a total restatement charge of between $5.0 million and $6.0 million. Pomeroy plans to restate the financial statements by Aug. 24.