NEW YORK, Aug. 4, 2005 (PRIMEZONE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous aggrieved investors throughout the nation, strongly encourages all Morgan Stanley Dean Witter (NYSE:MWD) and Credit Suisse First Boston (NYSE:CSR) customers who purchased Amazon.com, Inc. (Nasdaq:AMZN) common stock between October 29, 1998 and October 23, 2001 to explore their legal options as potential class members of the current class action lawsuit filed against Amazon.com, Inc. and both of its financial advisors/underwriters, Morgan Stanley Dean Witter and Credit Suisse First Boston, Master File No. C-01-0358-L, now pending in Seattle, Washington. If you do not wish to participate in the class action lawsuit and/or would like to consider pursuing an individual securities arbitration claim as an alternative means to recovering your financial losses, please be advised that the deadline to opt out of the class action suit is tomorrow, August 5, 2005.
According to securities law experts, empirical evidence shows that when an investor suffers losses in larger amounts, usually in excess of $100,000, an individual dispute resolution process, such as an arbitration claim filed before the New York Stock Exchange or the National Association of Securities Dealers, is the best means of recovering losses suffered. Hence, K&T would like to remind all eligible class members of the lawsuit against Amazon.com, Inc. and its other defendants that despite market capitalization losses in excess of $10 billion, the class action settlement only plans to allocate $25 million to eligible class members. Thus, according to K&T, investors who suffered large and substantial losses may achieve an overall higher recovery rate by proceeding with an individual dispute resolution process, rather than depending on a recovery from the class action settlement.
Consequently, in light of these findings, K&T strongly urges all Morgan Stanley Dean Witter and Credit Suisse First Boston customers who purchased Amazon.com, Inc. during the relevant time period to consider bringing suit against their individual broker/dealer as an alternative means of recovering their financial losses. Accordingly, since both Morgan Stanley Dean Witter and Credit Suisse First Boston acted as the financial advisors/underwriters of Amazon.com, Inc. during the class period, both brokerage firms may be held accountable for the severe financial losses suffered by their customers.
Thus, if you are a Morgan Stanley Dean Witter or Credit Suisse First Boston customer who invested in Amazon.com, Inc. stock between October 29, 1998 and October 23, 2001, and believe you sustained financial damages as a result of your securities broker, please contact Lawrence L. Klayman of Klayman & Toskes, P.A. at 1-888-997-9956 to discuss this investigation, your legal options and/or the possibility of pursuing an individual securities arbitration claim against your securities broker.