NEW YORK, Jan. 20, 2004 (PRIMEZONE) -- Parker & Waichman (www.worldcomstockfraud.com) is urging all Salomon Smith Barney (NYSE:C) clients who purchased shares of WorldCom (Pink Sheets:WCOEQ) (Pink Sheets:MCWEQ) (Pink Sheets:MCIAV) or MCI securities to evaluate their legal options before the February 20, 2004 deadline. Current and former WorldCom and MCI shareholders can request a free lawsuit case evaluation by visiting www.worldcomstockfraud.com or the recently launched website www.smithbarneyfraud.com .
Parker & Waichman and associated counsel believe that Salomon Smith Barney clients who purchased WorldCom or MCI securities may be better served by opting out of the class action lawsuit that was certified last year by Judge Denise Cote in the Southern District of New York. Parker & Waichman's team has filed hundreds of individual claims against Salomon Smith Barney, now operating as Citigroup Global Markets, a unit of Citigroup, Inc. on behalf of Salomon Smith Barney clients who purchased WorldCom or MCI shares. These individuals have been financially injured by the fraudulent and inappropriate advice of Salomon Smith Barney. Former Salomon Smith Barney analyst Jack Grubman is also named in the claims. Detailed information on the alleged misconduct of Salomon Smith Barney and Jack Grubman is available at www.smithbarneyfraud.com .
Current and former WorldCom and MCI shareholders and employees can visit www.worldcomstockfraud.com to view and download the WorldCom class action opt-out form, "Notice of Class Action." Parker & Waichman encourages shareholders to request a free case evaluation before deciding to opt-out of the class action. Parker & Waichman is providing free case evaluations to all current and former WorldCom and MCI shareholders and employees.
Current and former shareholders who desire to opt-out of the WorldCom class action lawsuit must mail the opt-out form or required information no later than February 20, 2004. This will permit them to pursue individual claims against the defendants, including Salomon Smith Barney. Parker & Waichman is encouraging current and former shareholders to explore their legal options before the opt-out deadline expires. 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 No Later Than February 20, 2004 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.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca