That is a different error than the one reported in this post. I would suggest giving the steps above a try as they will likely help you in determining the cause of the error. To recap at a high level:
1) Does this error happen on other machines with Reports installed?
2) Is port 9001 open from your machine to the LEM (check via telnet)?
3) Are you running Reports as Admin?
4) Have you tried re-installing Reports and running the installer as Admin?
5) Have you reviewed the log files to see if any additional information is captured? One of the logs you will need to turn on directly by using the /L switch, so here's a KB article with that information: