Wechsler Harwood Halebian & Feffer LLP Initiates Securities Litigation Against Williams Companies, Inc. and Williams Communications Group, Inc.
PRNewswire
NEW YORK
Feb 5, 2002
Wechsler Harwood Halebian & Feffer LLP has commenced a class action lawsuit against Williams Companies, Inc. (NYSE: WMB), Williams Communications Group, Inc. (NYSE: WCG), and certain individuals associated with those companies, in the United States District Court for the Northern District of Oklahoma on behalf of investors who purchased WMB or WCG securities between July 24, 2000 and January 29, 2002, inclusive (the "Class Period").
The complaint charges defendants with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that defendants issued materially false and misleading statements and failed to disclose material information to their shareholders regarding the spin-off of WCG from WMB, the accounting and financial impact of the contingent liabilities retained by WMB, and the nature of the assets and liabilities of WCG, causing the common stock of both companies to trade at artificially inflated prices.
Plaintiff is represented by Wechsler Harwood Halebian & Feffer LLP. Wechsler Harwood has taken a leading role in many important actions on behalf of defrauded shareholders. The Wechsler Harwood website (http://www.whhf.com/) has more information about the firm.
If you purchased any WMB or WCG securities between July 24, 2000 and January 29, 2002, you may move the Court no later than April 1, 2002, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, you must meet certain legal requirements. 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. You may retain Wechsler Harwood Halebian & Feffer LLP or other counsel of your choice to serve as your counsel in this action.
If you wish to receive an investor package or if you wish to discuss this action, have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact:
Wechsler Harwood Halebian & Feffer LLP 488 Madison Avenue 8th Floor New York, New York 10022 Phone: 877-935-7400 (Toll Free) David Leifer, Shareholder Relations Department: dleifer@whhf.com
SOURCE: Wechsler Harwood Halebian & Feffer LLP
Contact: David Leifer, Shareholder Relations Department of Wechsler
Harwood Halebian & Feffer LLP, +1-877-935-7400, dleifer@whhf.com
Website: http://www.whhf.com/