NEW YORK, May 28, 2002 (PRIMEZONE) -- According to Pomerantz Haudek Block Grossman & Gross (www.pomerantzlaw.com), which has filed a class action against Merrill Lynch & Co., ("Merrill Lynch") (NYSE:MER) and its former Internet research analyst Henry M. Blodget ("Blodget") charging them with issuing false and misleading analyst reports about 24/7 Real Media, Inc. ("24/7" or the "Company") (Nasdaq:TFSM), shareholders who purchased the common stock of 24/7 during the period from February 18, 2000 through November 9, 2000, inclusive (the "Class Period") have until Tuesday June 25, 2002 to seek appointment by the Court as one of the lead plaintiffs in this action.
The Complaint charges that in order to maintain and enhance Merrill Lynch's investment banking relationships with 24/7, defendants issued positive ratings on the Company which were materially misleading as they were inconsistent with their own contemporaneous, private adverse assessments of 24/7. For example, defendants were repeatedly issuing a short and long-term accumulate rating on 24/7 despite Blodget's internal description of 24/7 as a "piece of shi(-)."
If you purchased the common stock of 24/7 during the Class Period, you have until Tuesday June 25, 2002 to ask the Court to appoint you as lead plaintiff for the Class. To serve as lead plaintiff, you must meet certain legal requirements. If you wish to review a copy of the Complaint, to discuss this action or have any questions, please contact Andrew G. Tolan, Esq. of the Pomerantz firm at 888-476-6529 (or (888) 4-POMLAW), toll free, or at agtolan@pomlaw.com by e-mail. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.