NEW YORK, Feb. 23, 2004 (PRIMEZONE) -- Parker & Waichman LLP (http://www.worldcomstockfraud.com) announces that they and affiliated counsel have now been retained by over 2,500 current and former WorldCom (Pink Sheets:WCOEQ) (Other OTC:MCWEQ) (Other OTC:MCIAV) and MCI shareholders.
Several hundred current and former WorldCom and MCI shareholders have retained Parker & Waichman since the "opt-out" deadline was extended beyond the previously announced February 20, 2004 deadline. Many of these clients qualified as members of the WorldCom class action lawsuit, but have decided to opt-out of that lawsuit to pursue individual claims. Parker & Waichman continues to offer free lawsuit case evaluations at: http://www.worldcomstockfraud.com and http://www.worldcomemployeelawsuit.com
Parker & Waichman continues to believe that many current and former WorldCom and MCI shareholders may be better served by opting-out of the WorldCom class action lawsuit to pursue individual claims. Current and former WorldCom and MCI shareholders and employees can visit http://www.worldcomstockfraud.com and http://www.worldcomclassaction.com to view and download the WorldCom class action opt-out form, "Notice of Class Action." Current and former WorldCom and MCI shareholders that do not specifically opt-out of the class action by filing the required form or information are automatically included in the class action lawsuit. No official "opt-out" date has been announced, Parker & Waichman will provide the date on its websites as soon as it is made available.
WorldCom, now operating under the MCI name, is expected to emerge from bankruptcy in the near future. Existing shares of WorldCom and MCI are likely to be cancelled when the company emerges from bankruptcy. The likely cancellation of these shares will mean that shares trading under the ticker symbols WCOEQ and MCWEQ will have no value. MCI WorldCom is expected to issue new shares when it emerges from bankruptcy. These shares are trading on a "when issued" basis under the symbol MCIAV. For more information on specific WorldCom or MCI shares please visit: http://www.worldcomstockfraud.com .
For more information on Parker & Waichman, LLP please visit: http://www.yourlawyer.com or call 1-800-LAW-INFO. Current and former shareholders are also encouraged to visit: http://www.injurytalk.com