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Technology Stocks : Alcatel Telecom (ALA) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (214)	9/21/1998 11:37:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 285

Alcatel Alsthom May Have Withheld Information From Dept. of Justice and Hurried DSC Deal to Avoid Disclosing 'Questionable' Information to U.S. Antitrust Regulators PR Newswire, Monday, September 21, 1998 at 19:06 NEW YORK, Sept. 21 /PRNewswire/ -- On September 19, 1998, the Law Offices of Wolf Popper LLP filed a class action complaint in the United States District Court for the Southern District of New York on behalf of a Class of persons who acquired securities of Alcatel Alsthom ("Alcatel" or the "Company") (NYSE:ALA) in the merger of Net Acquisition, Inc., a wholly owned subsidiary of Alcatel, with and into DSC Communications Corporation and who were damaged thereby. The Complaint charges that, throughout the Class Period, the Company and certain of its officers and directors violated Section 11 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 by engaging in a scheme to artificially inflate the market price of Alcatel securities by making misrepresentations and omissions of material fact concerning the impact that the slowdown and cancellation of orders by the Company's European, Russian and Asian customers was having on the Company's financial condition. The complaint also alleges that, despite having learned these material facts in July 1998, the defendants delayed in disclosing this material adverse information until after merger had closed on September 8, 1998 in order to foreclose former DSC shareholders from exercising their rights to cancel the merger under the terms of the merger agreement, thereby defrauding Class members and causing them to incur millions of dollars in losses. Wolf Popper LLP is investigating developing allegations that Alcatel may have withheld information that senior Alcatel management officials feared U.S. Antitrust regulators would find "questionable" in order to secure DOJ approval for the DSC transaction. Sources close to the Company have strongly suggested that Alcatel management may also have rushed the closing of the DSC deal, which was originally scheduled to close in October, in order to avoid making required disclosures to federal Antitrust regulators. These same sources also indicated that Alcatel officials were in possession of the "questionable" information they did not want made public as early as July 1998. Any former DSC shareholders, current ALA shareholders, or anyone else with information or questions concerning this matter or any other aspect of the lawsuit are asked to contact: Paul 0. Paradis, Esq. or Carl L. Stine, Esq. WOLF POPPER LLP 845 Third Avenue New York, NY 10022-6689 Telephone: 212-451-9676 212-451-9631 Toll Free: 877-370-7703 Facsimile: 212-486-2093 E-Mail: pparadis@wolfpopper.com or cstine@wolfpopper.com Web site: wolfpopper.com