MCI WorldCom Expected to Emerge from Bankruptcy Later this Week; Shares of WCOEQ and MCWEQ Likely to be Cancelled, Announces Parker & Waichman WCOEQ, MCWEQ, MCIAVApr 19, 2004
WorldCom is expected to emerge from bankruptcy later this week and officially change its name to MCI. It is likely that pre-bankruptcy issued shares of WorldCom trading under the symbols WCOEQ and MCWEQ on the Pink Sheets will be cancelled when MCI emerges from bankruptcy leaving shareholders with little or no value. As a result Parker & Waichman, LLP (http://www.worldcomstockfraud.com) is encouraging all current and former WorldCom and MCI shareholders and former and current employees to evaluate their legal options immediately.
Additionally, Parker & Waichman and affiliated counsel have filed a new round of claims on behalf of current and former WorldCom and MCI shareholders. Parker & Waichman continues to offer free lawsuit case evaluations at: http://www.worldcomstockfraud.com and http://www.worldcomemployeelawsuit.com .
To date, Parker & Waichman and affiliated counsel represent over 2500 current and former MCI and WorldCom shareholders. Parker & Waichman believes many shareholders may benefit from opting out of the class action to pursue individual claims. The previous February 20, 2004 opt-out deadline has been extended but no new opt-out deadline has been announced. 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 and employees can visit http://www.worldcomstockfraud.com and http://www.worldcomclassaction.com to view and download the WorldCom class action opt-out form entitled, ``Notice of Class Action''.
Current and former shareholders who desire to opt-out of the WorldCom class action lawsuit must mail the opt-out form or required information before the opt-out deadline. This will permit them to pursue individual claims against the defendants, including Salomon Smith Barney. 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 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-YOURLAWYER. 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 http://www.primezone.com/ca
Parker & Waichman, LLP