NEW YORK, June 16, 2004 (PRIMEZONE) -- Parker & Waichman LLP (www.worldcomstockfraud.com) is announcing that it is offering free case evaluations to all current and former MCI WorldCom (Pink Sheets:MCIA) shareholders who purchased shares between April 29, 1999 and June 25, 2002. This offer is available to clients of all brokerage firms. Parker & Waichman is offering free opt-out case evaluations at www.worldcomstockfraud.com. Parker & Waichman has already filed numerous claims on behalf of MCI/WorldCom shareholders.
Parker & Waichman believes that the proposed MCI/WorldCom settlement offer does not provide sufficient compensation. The firm continues to believe that many current and former MCI/WorldCom shareholders may benefit from opting out of the class action to pursue individual claims.
Current and former shareholders who desire to opt-out of the proposed settlement must submit the opt-out form or required information before the opt-out deadline. This will permit them to pursue individual claims against the defendants. 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 proposed settlement.
The previous February 20, 2004 opt-out deadline has been extended. While no new opt-out deadline has been announced, it is believed that a new opt-out deadline announcement is imminent. 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 can visit www.worldcomstockfraud.com and www.worldcomclassaction.com to view and download the WorldCom class action opt-out form.
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 theClass Action Newsline at www.primezone.com/ca