Law Firm Wechsler Harwood Halebian & Feffer LLP Announces Class Action Lawsuit Against AT&T Wireless Group Tracking Stock

Business Wire, Dec 1, 2000

Business Editors, Legal Writers

NEW YORK--(BUSINESS WIRE)--Dec. 1, 2000

The following is an announcement by the law firm of Wechsler Harwood Halebian & Feffer LLP:

Wechsler Harwood Halebian & Feffer announced today that a class action lawsuit has been filed in the United States District Court for the Southern District of New York, on behalf of purchasers of AT&T Wireless Group Tracking Stock (NYSE:AWE - news) during the period between April 26, 2000 and May 2, 2000, inclusive.

The complaint alleges that on April 27, 2000, AT&T and other defendants issued a Registration Statement and Prospectus for the Tracking Stock which failed to disclose ongoing business problems at AT&T Wireless which were causing large corporate customers to be neglected and poorly served and resulting in a material downturn in revenue and future business prospects. Plaintiff and other similarly situated public investors purchased AT&T Wireless Group Tracking Stock without knowledge of these facts and have, as a result, sustained damages. Wechsler Harwood has extensive experience representing shareholders in class actions and has served as lead counsel on behalf of shareholders in many such actions. The reputation and expertise of this firm in shareholder and other class actions has repeatedly been recognized by the courts.

If you are a member of the Class described above, and if you meet certain other legal requirements, you may no later than January 29, 2000 move the court to serve as lead plaintiff. Please contact Wechsler Harwood Halebian & Feffer LLP, 488 Madison Avenue, New York, New York 10022, by calling toll free 877-935-7400 or by contacting: