NEW YORK, March 12, 2004 (PRIMEZONE) -- MCI WorldCom (Pink Sheets:WCOEQ) (Other OTC:MCWEQ) (Other OTC:MCIAV) has announced that it expects to emerge from bankruptcy next month. As a result Parker & Waichman LLP (http://www.worldcomstockfraud.com) is encouraging all current and former WorldCom and MCI shareholders and employees to evaluate their legal options. When MCI WorldCom emerges from bankruptcy it is likely that shares trading under the symbols WCOEQ and MCWEQ will be cancelled leaving shareholders with little or no value. Parker & Waichman and affiliated counsel have been retained by thousands of current and former WorldCom and MCI shareholders. Parker & Waichman continues to offer free lawsuit case evaluations at: http://www.worldcomstockfraud.com and http://www.worldcomemployeelawsuit.com
To date, Parker & Waichman and affiliated counsel represent over 3000 current and former MCI and WorldCom shareholders. Parker & Waichman believes many shareholders may benefit from opting out of the class action to pursue individual claims. The previous February 20, 2004 opt-out deadline has been extended - no new opt-out deadline has been announced by the court. Parker & Waichman will publish the new opt-out deadline on its websites as soon as it becomes available. 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 entitled, "Notice of Class Action".
Current and former shareholders who desire to opt-out of the WorldCom class action lawsuit must mail the opt-out form or required information before the opt-out deadline. This will permit them to pursue individual claims against the defendants, including Salomon Smith Barney. Current and former WorldCom and MCI shareholders who do not specifically opt-out of the class action by filing the required form or information are automatically included in the class action lawsuit.
If You Desire To Opt-Out Of The WorldCom Class Action Lawsuit, You Must Act By Filing The Opt-Out Form Or Required Information or You Will Be Automatically Included In The Class Action.
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.