Berger & Montague, P.C. Announces Class Action Lawsuit against BearingPoint, Inc.

Business Editors/Legal Writers

PHILADELPHIA--(BUSINESS WIRE)--Sept. 2, 2003

The law firm of Berger & Montague, P.C. announces that a class action lawsuit was filed on August 27, 2003, on behalf of purchasers of the common stock of BearingPoint (NYSE:BE) ("BearingPoint" or the "company") between October 30, 2002 and August 13, 2003, inclusive, (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). This case was filed in the United States District Court for the Eastern District of Virginia.

The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between October 30, 2002 and August 13, 2003.

On August 14, 2003, before the market opened, defendants shocked the public when they issued a press release and concurrently filed a Form 8-K with the SEC announcing that BearingPoint's financial results would be restated for the first three quarters of fiscal 2003 due to acquisition and accounting relating adjustments. The market's reaction to the announcement was swift and drastic. On August 14, 2003, the price per share of BearingPoint common stock fell $2.41 or 23 percent from its previous day's trading to close at $7.90, on unusually heavy trading volume.

If you bought the common stock of BearingPoint between October 30, 2002 and August 13, 2003 and sustained damages, you may, no later than October 20, 2003, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.

The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience representing plaintiffs in class action securities litigation and has played lead roles in major cases over the past 25 years which have resulted in recoveries of several billion dollars to investors. The firm has recently represented investors as lead counsel in actions against Rite Aid, Sotheby's, Waste Management, Inc., Sunbeam, Boston Chicken and IKON Office Solutions, Inc. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. Most recently, Judge Stewart Dalzell stated:

" ... the skill and efficiency of the attorneys involved ... (was) extraordinarily deft and efficient in handling this most complex matter."

"...they were at least eighteen months ahead of the United States Department of Justice in ferreting out the conduct that ultimately resulted in the write-down of over $1.6 billion in previously reported Rite Aid earnings. Their attention to detail was such that when Rite Aid's financial concern lead to its willingness to consider renegotiating the non-cash portion of the Rite Aid 1 settlement, counsel aided by investment advisors...ultimately monetized the entire settlement and gained the class interest of $14,435,104 when interest rates were the lowest they have been in over forty years. In short, it would be hard to equal the skill class counsel demonstrated here."

In Re: Rite Aid Securities Litigation, 2003 U.S. Dist. Lexis 9459 (EDPA) (Settled in 2003 for in total for $334 million, $125 million against the accountants, the second largest settlement against an auditing firm)

If you purchased FE common stock during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact:

Sherrie R. Savett, Esquire

Glen L. Abramson, Esquire

Kimberly A. Walker, Investor Relations Manager

Berger & Montague, P.C.

1622 Locust Street

Philadelphia, PA 19103

[phone]

[phone] - toll free

[phone] - fax

[e-mail]

www.bergermontgue.com