Law Offices Of Curtis V. Trinko, LLP Announce Notice of Pendency of Class Action.

Business Editors & Legal Writers

NEW YORK--(BUSINESS WIRE)--March 24, 2000

The following was released today by the Law Offices Of Curtis V. Trinko, LLP:

UNITED STATES DISTRICT COURT 

DISTRICT OF COLORADO

JAMES E. ADAMS, on behalf of himself and all others similarly situated 

Plaintiff,

- against - Civ. A. No. 00-N-516

KINDER-MORGAN, INC. (formerly known as KN Energy, Inc.), Larry D. Hall, Clyde E. McKenzie, Morton C. Aaronson, John N. DiNardo, and Richard Kinder,

Defendants.

Within the past 20 days, a putative class action was filed asserting claims under the federal securities laws, Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934, 15 U.S.C. ss 78(j)(b), 78(t)(a), and Rule 10b-5 (17 C.F.R. ss 240.10b-5), common law fraud, and negligent misrepresentation, in connection with a series of public filings made by KN Energy, Inc. ("KNE") (KNE has recently merged with and changed its name to Kinder Morgan, Inc.), and several newspaper articles and press releases concerning KNE. The Class (the "Class") in this action is comprised of all individuals who purchased or otherwise acquired shares of KNE between the dates of March 19, 1997 and March 9, 1999, inclusive.

Plaintiffs allege that various statements disseminated by KNE and certain of its senior officers and directors were material misrepresentations and/or omissions of material fact concerning: (a) the extraordinary risks posed by the high proportion of "keep whole" contracts to which the Company was party in connection with its processing plant operations; and (b) the reporting of materially misleading financial information by reporting as income proceeds from extraordinary transactions, not in the ordinary course of business, to bolster KNE's financial results in order to facilitate certain securities offerings of KNE essential to financing of a major corporate acquisition, without disclosing the increased exposure to risks of future losses created by the transactions.

The Law Offices of Curtis V. Trinko, LLP, McGloin Davenport Severson & Snow, P.A., and Berman DeValerio & Pease, LLP, collectively represent representative plaintiff James E. Adams and the Plaintiff Class. These firms have extensive experience litigating securities class actions. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel, Timothy J. MacFall, of the Law Offices of Curtis V. Trinko, LLP, 16 West 46th Street, New York, New York 10017, [phone], Michael Lange of Berman DeValerio & Pease, LLP, One Liberty Square, Boston, MA 02109, [phone], or Gary C. Davenport of McGloin, Davenport, Severson & Snow, P.A., 1600 Stout, Ste. 1600, Denver, Colorado 80202 [phone].