Bull & Lifshitz, LLP Files Class Action Against Newell Rubbermaid Inc.

NEW YORK--(BUSINESS WIRE)-October 15, 1999--The following was released today by Bull & Lifshitz LLP:

Notice is hereby given that on October 15, 1999, a securities class action lawsuit was filed in the United States District Court for the Northern District of Illinois against Newell Rubbermaid Inc. ("Newell Rubbermaid")(NYSE: NWL) (formerly Newell Co.) and certain officers and directors of the Company on behalf of all persons and entities who purchased the stock of Newell or Newell Rubbermaid during the period October 21, 1998 and September 3, 1999, inclusive (the "Class Period"), or exchanged Rubbermaid Incorporated ("Rubbermaid") (formerly NYSE:RBD) stock for Newell Rubbermaid stock, or were issued Newell Rubbermaid stock pursuant to a joint proxy/registration and prospectus statement (the "Joint Proxy Statement").

The complaint alleges that defendants violated the federal securities laws, including Sections 10(b) and 20 of the Securities Exchange Act of 1934, as amended, by making false and misleading statements in press releases, filings with the Securities and Exchange Commission, including the Joint Proxy Statement concerning, among other things, the Company's business, financial condition, earnings and prospects of Newell Rubbermaid. Specifically, the Complaint alleges that the Company failed to disclose the adverse impact deep price discounts offered by Rubbermaid salespeople to customers would have on the earnings of Newell Rubbermaid.

Plaintiff is represented in this class action by the New York law firms of Wechsler Harwood Halebian & Feffer LLP and Bull & Lifshitz, LLP, both of which have extensive experience representing shareholders in class actions.

If you purchased Newell Rubbermaid or Newell shares during the Class Period or were issued Newell Rubbermaid common stock for your Newell or Rubbermaid shares you may, not later than 60 days from today, move the court to serve as a lead plaintiff, provided you meet certain legal requirements.

If you wish to discuss this action, or have any questions concerning this notice or your rights or interests with respect to this matter, please contact the following: Wechsler Harwood Halebian & Feffer LLP: 488 Madison Avenue, New York New York 10022 Telephone: [phone] (toll free) Robert I. Harwood, Esq. [e-mail]; Jeffrey M.. Haber, Esq. [e-mail]; or BULL & LIFSHITZ LLP [e-mail] Joshua M. Lifshitz, Esq. Peter D. Bull, Esq. 246 West 38th Street New York, New York 10018 Phone: [phone] or for out-of-state 1-888-893-1844 (toll free).