Notice of Pendency and Proposed Settlement of Class Action and Fairness Hearing On Behalf of Those Who Purchased or Otherwise Acquired Shares of Common Stock of American Tower Corporation Announced by Labaton Sucharow LLP -- AMT


NEW YORK, March 28, 2008 (PRIME NEWSWIRE) -- Labaton Sucharow LLP Announces the Notice of Pendency and Proposed Settlement of Class Action and Fairness Hearing Involving American Tower Corporation (NYSE:AMT).



 UNITED STATES DISTRICT COURT
 DISTRICT OF MASSACHUSETTS

 IN RE AMERICAN TOWER CORPORATION SECURITIES LITIGATION

 No. 06-CV-10933 (MLW)

 SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION
 AND FAIRNESS HEARING

 TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON
 STOCK OF AMERICAN TOWER CORPORATION ("AMT") BETWEEN APRIL 1, 2002
 AND MAY 22, 2006, INCLUSIVE, AND WERE DAMAGED THEREBY.

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the District of Massachusetts dated February 28, 2008, a hearing will be held before the Honorable Mark L. Wolf, Chief United States District Judge, on June 11, 2008 at 3:00 p.m. in Courtroom 10 of the John Joseph Moakley United States Courthouse, 1 Courthouse Way, Boston, Massachusetts 02210, for the purpose of determining, among other things, (i) whether the proposed Settlement of this Action for $14 million in cash is fair, reasonable, and adequate and should be approved; (ii) whether, thereafter, this Action should be dismissed with prejudice as against the Defendants as set forth in the Stipulation and Agreement of Settlement dated February 8, 2008; (iii) whether the Plan of Allocation of the Net Settlement Fund is fair and reasonable and should be approved, and (iv) the reasonableness of an application of Plaintiffs' Counsel for the payment of attorney's fees and expenses, with interest, incurred in connection with this Action. The Court has expressly reserved the right to reschedule the hearing from time to time without further notice.

If you purchased or otherwise acquired AMT common stock between April 1, 2002 and May 22, 2006, inclusive, your rights may be affected by this Action and the settlement thereof. If you have not received the detailed Notice of Pendency and Proposed Settlement of Class Action and Fairness Hearing (the "Notice") and a copy of the Proof of Claim form, you may obtain them free of charge by downloading them from www.labaton.com or www.strategicclaims.net; by sending an e-mail to amtclassaction@strategicclaims.net; by calling the claims administrator toll-free at 866-274-4004; or by writing to American Tower Corporation Litigation Settlement, c/o Strategic Claims Services, LLC, P.O. Box 1915, 600 North Jackson Street, Suite 3, Media, PA 19063. You may also contact Plaintiffs' Lead Counsel directly: David J. Goldsmith, Esq., Labaton Sucharow LLP, 140 Broadway, New York, NY 10005, 800-321-0476.

If you are a member of the Class and wish to share in the Settlement money, you must submit a Proof of Claim no later than September 9, 2008 establishing that you are entitled to recovery. As further described in the Notice, you will be bound by any judgment entered in the Action, regardless of whether you submit a Proof of Claim, unless you request to be excluded from the Class, in writing to the above P.O. Box address, no later than May 28, 2008. Any objections to the Settlement, Plan of Allocation or attorney's fees and expenses must be filed and served, in accordance with the procedures set forth in the Notice, no later than May 28, 2008. Any deadlines established may be altered by the Court for good cause shown.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

Dated: February 28, 2008



 BY ORDER OF THE UNITED
 STATES DISTRICT COURT FOR
 THE DISTRICT OF MASSACHUSETTS


            

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