Attention SkyTel Investors.ATLANTA--(BUSINESSWIRE)--June 24, 1999-- You are hereby notified that Chitwood & Harley has filed a class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax in the United States District Court for the Northern District of Georgia The U.S. District Court for the Northern District of Georgia serves the residents of forty-six counties. These are divided up into four districts. The Atlanta district includes: Cherokee, Clayton, Cobb, Internet Coffe Phone, Douglas, Fulton, Gwinnett, Henry, Newton, and against MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom, Inc. (WCOM WCOM MCI/Worldcom (stock symbol) WCOM Windows Component Object Model WCOM Wireless Communication ) on behalf of all persons who sold SkyTel common stock and/or call options and all persons who purchased SkyTel put options during the period from May 25, 1999 through May 28, 1999, inclusive (the "Class Period" and "Class" respectively). The complaint alleges that defendant violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. thereunder by making material misrepresentations and omissions that caused SkyTel stock to trade at artificially deflated levels during the Class Period. The complaint alleges that MCI WorldCom falsely denied plans to merge with SkyTel in response to rumors about the proposed merger that had surfaced. The complaint alleges that MCI Worldcom's denials in this regard had the effect of deflating the value of SkyTel securities, thereby lowering the price that MCI WorldCom would have to pay to acquire SkyTel. Plaintiff is represented by Chitwood & Harley, an Atlanta law firm that concentrates its practice in representing victims of securities fraud and corporate mismanagement mis·man·age tr.v. mis·man·aged, mis·man·ag·ing, mis·man·ag·es To manage badly or carelessly. mis·man  age·ment n. , as well as other complex litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.When a person begins a civil lawsuit, the person enters into a process called litigation. . The firm has been appointed lead counsel in several major actions pending in federal and state courts and has been instrumental in recovering millions of dollars on behalf of investors and shareholders. Any member of the proposed Class who wishes to move the Court to serve as a lead plaintiff of the Class may do so no later than sixty days from June 3, 1999. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, you may contact: Corey D. Holzer, Esq., toll free at (888) 873-3999, CHITWOOD & HARLEY, 2900 Promenade II, 1230 Peachtree Street, N.E., Atlanta, Georgia 30309. |
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