Wechsler Harwood Continues Class Action Against Worldcom, Inc. (Nasdaq: WCOM)

Wechsler Harwood Halebian & Feffer LLP continues its class action lawsuit in the United States District Court for the Southern District of Mississippi on behalf of all persons who purchased or otherwise acquired the common stock of Worldcom, Inc. ("Worldcom" or the "Company")(NASDAQ: WCOM) between April 13, 2000 and November 1, 2000 (the "Class Period"). The complaint charges Worldcom as well as its Chief Executive Office and Chief Financial Officer, with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder arising from material misstatements and omissions made during the Class Period.

Between October 26, 2000 and November 1, 2000 it was reported that the growth of Worldcom's Internet division, UUNet, experienced a 14% decrease in growth from 40% growth in the second quarter 2000 to 26% in the third quarter. Defendants also disclosed for the first time that due to bankruptcies by 17 of its wholesale customers, the Company wrote down $405 million in receivables. Defendants further revealed that they would announce a restructuring. The Complaint alleges that, as a result of what defendants knew, or recklessly did not know, and did not disclose, Worldcom securities traded at artificially inflated prices during the Class Period.

During the Class Period the individual defendants sold thousands of Worldcom shares while in possession of undisclosed material adverse information concerning the Company's financial condition and future prospects.

Plaintiffs seek to recover damages on behalf of Class members and, are represented by the law firm of Wechsler Harwood Halebian & Feffer LLP, which has significant experience and expertise in prosecuting class actions.

If you are a member of the Class described above, you may, not later than January 8, 2001, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you would like 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: 877-935-7400 (toll free)
  Patricia Guiteau, Shareholder Relations Department: pguiteau@whhf.com

SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Patricia Guiteau of Wechsler Harwood Halebian & Feffer LLP,
Shareholder Relations Department, 877-935-7400, pguiteau@whhf.com

Website: http://www.whhf.com/