Kaplan Fox Seeks to Recover Losses for Investors Who Purchased Adelphia 6% Convertible Subordinated Notes Due 2002 -- ADLAE


NEW YORK, May 24, 2002 (PRIMEZONE) -- Kaplan Fox (kaplanfox.com) has filed a class action against Adelphia Communications Corp. ("Adelphia" or the "Company") (Nasdaq:ADLAE) and certain of its officers and directors in the United States District Court for the Eastern District of Pennsylvania. The suit is brought on behalf of all persons or entities who purchased or otherwise acquired Adelphia 6% Convertible Subordinated Notes Due 2006, between January 19, 2001 and May 2, 2002, inclusive (the "Class Period").

The complaint charges Adelphia and certain of its officers and directors with violations of the federal securities laws. The complaint alleges, among other things, that during the Class Period Defendants failed to disclose certain material liabilities relating to entities controlled by Adelphia's managers, the Rigas family. As a result of Defendants' misrepresentations, Adelphia's 6% Notes traded at artificially inflated prices during the Class Period.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Chicago and New Jersey, has many years of experience prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com

If you are a member of the Class, you may move the court no later than June 3, 2002 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@kaplanfox.com or contact:


 Frederic S. Fox, Esq.
 Shelley Thompson, Esq.
 Kaplan Fox & Kilsheimer LLP
 805 Third Avenue, 22nd Floor
 New York, NY 10022
 (800) 290-1952
 (212) 687-1980
 Fax: (212) 687-7714
 E-mail address: mail@kaplanfox.com
 
 Laurence D. King, Esq.
 Kaplan Fox & Kilsheimer LLP
 601 Montgomery Street
 San Francisco, CA 94111
 (415) 772-4700
 Fax: (415) 772-4707
 E-mail address: mail@kaplanfox.com

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.



            

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