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Technology Stocks : Winstar Comm. (WCII)

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To: Alejandro who wrote (12456)6/5/2001 9:10:36 AM
From: long-gone   of 12468
 
Monday June 4, 4:30 pm Eastern Time
Press Release
Winstar Execs Hit With New Class Action - Update From Shalov Stone & Bonner
NEW YORK--(BUSINESS WIRE)--June 4, 2001--The law firm of Shalov Stone & Bonner today announced that a new class action has been commenced on behalf of Winstar Communications Inc. investors (NASDAQ: WCII and NASDAQ:WCIEQ).

The class action includes investors who purchased Winstar securities in the period from March 10, 2000 to April 2, 2001. The complaint names William Rouhana, Richard Uhl, Nathan Kantor, Robert McGuire and Grant Thornton LLP as defendants. The lawsuit was filed by the law firm of Shalov Stone & Bonner in New York City (www.lawssb.com). Shalov Stone & Bonner conducted the investigation leading to the filing of the Winstar action and it was the first law firm to take action in these cases.

If you would like to participate in this action or would like additional information about the lawsuit, please visit the firm's website at www.lawssb.com

The complaint alleges that (cont)
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