Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Files Class Action Suit Against Merrill Lynch And Henry Blodget On Behalf Of Investors Of Internet Capital Group, Inc.

Market Wire, 20050229

Cohen, Milstein, Hausfeld & Toll, P.L.L.C., filed a lawsuit on May 3, 2002, in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Internet Capital Group, Inc. (NASDAQ: ICGE) between the period of August 30, 1999 through November 8, 2000, (the "Class Period"), against Merrill Lynch & Co., Inc. and its Internet analyst Henry Blodget.

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. is involved in other cases against Merrill Lynch and Blodget on behalf of purchasers of Infospace, Excite@Home, Aether Systems, and 24/7 Real Media, Inc.

The Complaint alleges that to maintain and enhance Merrill Lynch's investment banking relationships with ICGE, defendants issued analyst reports with positive ratings on ICGE which were materially misleading as they are inconsistent with their own contemporaneous, private adverse assessments of ICGE. For example, defendants were repeatedly issuing a short-term accumulate, long-term buy rating on ICGE despite their internal e-mails that there was no hopeful news to relate and that they saw nothing that will turn this around near-term.

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington, D.C., Seattle, Washington and New York, and is active in major litigation pending in federal and state courts throughout the nation. You may visit the firm's website at www.cmht.com.

The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars. If you purchased Internet Capital Group, Inc. common stock during the period from August 30, 1999 through November 8, 2000, inclusive, you may, no later than July 2, 2002, move to be appointed as a Lead Plaintiff.

If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following:

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. 1100 New York Avenue, NW West Tower, Suite 500 Washington, DC 20005 Telephone: 888-240-0775 or 202-408-4600