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WorldCom and MCI Shares Trading Under Symbols WCOEQ and MCWEQ will be Cancelled When Company Emerges from Bankruptcy, Pre-bankruptcy Issued Shares will not be Converted to Shares trading under MCIAV, Parker & Waichman Reports

WorldCom & MCI Shareholders Have Less Than 30 Days to Opt-Out of Class Action Lawsuit

Jan 27, 2004 | PrimeZone

Parker & Waichman( is issuing this statement in response to hundreds of inquiries from current WorldCom (Other OTC:WCOEQ.PK - News) (Other OTC:MCWEQ.PK - News) (Other OTC:MCIAV.PK - News) and MCI shareholders. Shareholders have been mistakenly under the belief that shares of WorldCom and MCI trading under the symbols WCOEQ and MCWEQ would be converted to shares trading under the ticker symbol MCIAV upon WorldCom's anticipated emergence from bankruptcy. However, shares of MCI WorldCom trading under the ticker symbol WCOEQ and MCWEQ are likely to be cancelled, leaving these shares with little or no value. Shareholders who have questions about their shares can visit

Current and former MCI WorldCom have until the February 20, 2004 to opt out of a class action lawsuit that was certified last year. Parker & Waichman believes that MCI WorldCom investors that purchased their shares through Salomon Smith Barney may be better served by opting-out of the class action lawsuit. Additionally, Parker & Waichman believes that MCI WorldCom shareholders who lost at least $300,000, regardless of which brokerage firm they used, may also be better served by opting out of the class action lawsuit. Free lawsuit case evaluations are offered at Detailed information of the Class Action lawsuit is located at .

Current and former WorldCom and MCI shareholders and employees can visit and 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. Parker & Waichman believes many 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 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 or call 1-800-YOURLAWYER. Current and former shareholders are also encouraged to visit

More information on this and other class actions can be found on the Class Action Newsline at

Parker & Waichman, LLP
(800) 968-7529

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