Many MCI WorldCom Shareholders Not Aware that WCOEQ and MCWEQ Shares are Likely to Be Cancelled
Parker & Waichman Files New Round of Claims on Behalf of Current and Former WorldCom Employees and ShareholdersMar 8, 2004 | PR NEWSWIRE
Parker & Waichman, LLP and affiliated counsel (http://www.worldcomstockfraud.com) announce that they have filed a new round of claims on behalf of current and former WorldCom (Pink Sheets: WCOEQ - News, MCWEQ - News, MCIAV - News) and MCI shareholders. Many of these current and former MCI and WorldCom shareholders were not aware that shares of MCI WorldCom trading under the symbols WCOEQ and MCWEQ will likely be cancelled when the company emerges from bankruptcy.
Parker & Waichman continues to encourage all current and former WorldCom and MCI shareholders to evaluate their legal options before participating in the class action lawsuit. Parker & Waichman continues to offer free lawsuit case evaluations at: http://www.worldcomstockfraud.com and http://www.worldcomemployeelawsuit.com .
Parker & Waichman and associated counsel are currently representing thousands of current and former WorldCom/MCI shareholders and employees who have opted 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 claims against Salomon Smith Barney, now operating as Citigroup Global Markets, a unit of Citigroup, Inc. (NYSE: C - News) on behalf of MCI WorldCom investors. These individuals have been financially injured by the fraudulent and inappropriate advice of Smith Barney. Former Salomon Smith Barney analyst Jack Grubman has also been named in the claims.
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." 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. Parker & Waichman believes many shareholders may benefit from opting out of the class action to pursue individual claims.
For more information on Parker & Waichman, LLP please visit http://www.yourlawyer.com or call 1-800-YOURLAWYER. Current and former shareholders are also encouraged to visit http://www.injurytalk.com.
Parker & Waichman, LLP