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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (37957)	3/6/1998 8:23:00 AM
From: Jeff Jordan	Respond to of 61433

I see this is old news....new to me><g> Update On Class Action Against Ascend Communications, Inc. BusinessWire, Thursday, March 05, 1998 at 21:20 LOS ANGELES--(BUSINESS WIRE)--March 5, 1998--This update is to notify the Ascend Communications, Inc. (NASDAQ:ASND) securities litigation class members of the occurrence of significant events that transpired on March 2, 1998 which directly impact the status of the class action lawsuits that were filed with the United States District Court, Central District of California ("the Central District Actions") on behalf of stockholders who purchased Ascend securities between November 5, 1996 and September 30, 1997 (the "Class Period"). On Monday, March 2, 1998, the Honorable Mariana R. Pfaelzer, United States District Court Judge for the Central District of California, issued the following rulings pertaining to the Central District Actions: 1) the seven Central District Actions were consolidated for all purposes; 2) Plaintiffs' motion to have the Jakubowitz Plaintiffs appointed as lead plaintiffs in all the Ascend Communications, Inc. consolidated actions was granted; 3) the law firms of Weiss & Yourman and Stull, Stull & Brody were appointed as Co-Lead Counsel to the plaintiff Class in all the Ascend Communications consolidated actions; and, 4) Defendants' motion to transfer the Central District Actions to the United States District Court for the Northern District of California was denied. Periodic updates concerning the status of the Ascend securities litigation will be posted on the Weiss & Yourman website at www.wyca.com. If you have any information about the allegations that Ascend and the Company's officers and directors disseminated false and misleading statements about the Company's business, earnings and growth prospects to inflate Ascend's stock price in violation of federal and state securities laws, including Section 10(b) of the Securities Exchange Act of 1934 and Section 11 of the Securities Act of 1933, or that the defendants knew, or recklessly disregarded, but failed to disclose to investors that sales of Ascend's advanced modem products would all but cease because of, among other things, serious software and firmware problems, please contact either Donald Urrabazo by calling toll-free (800) 437-7918, or via Internet electronic mail at wyca@aol.com or by writing Weiss & Yourman, 10940 Wilshire Blvd., 24th Floor, Los Angeles, CA 90024, or Edward Dietrich calling toll-free (888) 388-4605, or by writing Stull, Stull & Brody, 10940 Wilshire Blvd., Suite 2300, Los Angeles, CA 90024. CONTACT: Weiss & Yourman Donald Urrabazo, 800/437-7918 wyca@aol.com or Stull, Stull & Brody Edward Dietrich, 888/388-4605 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: BANKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire