NEW YORK, Feb. 5, 2004 (PRIMEZONE) -- Parker & Waichman (www.worldcomstockfraud.com) announces that they have now been retained by over 2000 current and former WorldCom (Pink Sheets:WCOEQ), (Pink Sheets:MCWEQ), (Pink Sheets:MCIAV) and MCI shareholders. These retained clients consist of Salomon Smith Barney clients who purchased shares of WorldCom or MCI securities, current and former WorldCom or MCI Employees and investors who lost at least $300,000 on WorldCom or MCI securities. Many of these clients qualified as members of the WorldCom class action lawsuit, but have decided to opt-out of that lawsuit to pursue individual claims. Parker & Waichman continues to offer free lawsuit case evaluations at: www.worldcomstockfraud.com and www.worldcomemployeelawsuit.com .
Parker & Waichman continues to believe that many current and former WorldCom and MCI shareholders may be better served by opting-out of the WorldCom class action lawsuit to pursue individual claims. Current and former shareholders have until February 20, 2004 to opt-out of the class action. Current and former WorldCom and MCI shareholders and employees can visit www.worldcomstockfraud.com and www.worldcomclassaction.com to view and download the WorldCom class action opt-out form, "Notice of Class Action." Current and former WorldCom and MCI shareholders that do not specifically opt-out of the class action by filing the required form or information are automatically included in the class action lawsuit.
WorldCom, now operating under the MCI name, is expected to emerge from bankruptcy in the near future. Existing shares of WorldCom and MCI are likely to be cancelled when the company emerges from bankruptcy. The likely cancellation of these shares will mean that shares trading under the ticker symbols WCOEQ and MCWEQ will have no value. MCI WorldCom is expected to issue new shares when it emerges from bankruptcy. These shares are trading on a "when issued" basis under the symbol MCIAV. For more information on specfic WorldCom or MCI shares please visit: www.worldcomstockfraud.com .
For more information on Parker & Waichman, LLP please visit: http://www.yourlawyer.com or call 1-800-LAW-INFO. Current and former shareholders are also encouraged to visit: http://www.injurytalk.com .