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To: Jeffrey S. Mitchell who wrote (2023)	10/19/2001 12:41:03 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12465

Re: 10/18/01 - [GENI] Milberg Weiss Files Class Action Suit Against Genesisintermedia, Inc. Re: Notice of Opportunity to Join GenesisIntermedia Securities Litigation To GenesisIntermedia, Inc. Shareholders: On October 18, 2001, Milberg Weiss filed a complaint alleging violations of the federal securities laws by GenesisIntermedia, Inc. and certain of its officers and directors. The class action was commenced in the United States District Court for the Central District of California on behalf of purchasers of GenesisIntermedia publicly traded securities between December 21, 1999 and September 25, 2001. Click here to view the complaint, or here for the press release. If you purchased shares of GenesisIntermedia publicly traded securities between December 21, 1999 and September 25, 2001 you may qualify to participate in this action for violation of the federal securities laws. If you wish to join our clients in this securities law action as lead plaintiffs, please complete the following electronic certification and retention forms. If you join our clients in retaining us, we will provide you with regular reports on the progress of the case. milberg.com ===== MILBERG WEISS FILES CLASS ACTION SUIT AGAINST GENESISINTERMEDIA, INC. October 18, 2001 – Milberg Weiss (http://www.milberg.com/genesis/) today announced that a class action has been commenced in the United States District Court for the Central District of California on behalf of purchasers of GenesisIntermedia, Inc. ("GenesisIntermedia") (NASDAQ:GENI) publicly traded securities during the period between December 21, 1999 and September 25, 2001 (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss at 800/449-4900 or via e-mail at wsl@milberg.com. If you are a member of this class, you can join this class action online at milberg.com. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. The complaint charges GenesisIntermedia and certain of its officers, directors and a secretly paid financial commentator with violations of the Securities Exchange Act of 1934. The complaint alleges that in December 1999, the beginning of the Class Period, defendants plotted and unleashed their scheme to inflate the price of GenesisIntermedia shares and gave shares worth more than $3 million to a financial commentator who helped send the stock soaring after he agreed to issue allegedly false, positive recommendations for it on CNN, CNBC and Bloomberg Television. However, the complaint alleges defendants concealed the payment of 216,000 shares to the commentator, Courtney Smith, in order to induce the purchase of GenesisIntermedia shares and raise tens of millions of dollars via multiple private securities offerings. As a result of defendants' false statements, GenesisIntermedia's stock price traded at inflated levels during the Class Period, increasing to as high as $25 in June 2001. Then after the close of the market on September 25, 2001, GenesisIntermedia's shares were halted pending the resolution of an investigation. GenesisIntermedia shares remain halted and are in essence, worthless. However, just hours before the announcement of the investigation and "halt," defendant El-Batrawi sold over $1.7 million dollars worth of his own shares. Plaintiff seeks to recover damages on behalf of all purchasers of GenesisIntermedia publicly traded securities during the Class Period (the "Class"). The plaintiff is represented by Milberg Weiss Bershad Hynes & Lerach LLP, who has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and Philadelphia, is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of World War II and other human rights violations, and has been responsible for more than $30 billion in aggregate recoveries. The Milberg Weiss website (http://www.milberg.com) has more information about the firm. milberg.com View the complaint at: milberg.com Join the class action at: milberg.com