NEW YORK, June 7, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed the following class action suit on behalf of purchasers of the following securities: Class action against Merrill Lynch (NYSE:MER) on behalf of purchasers of 24/7 Real Media, Inc. (Nasdaq:TFSM) for the following Class Period:
Merrill Lynch (NYSE:MER) on behalf of purchasers of 24/7 Real Media, Inc. (Nasdaq:TFSM)
From February 18, 2000 through November 9, 2000, inclusive (the "Class Period") Merrill Lynch & Co., Inc. and its former Internet research analyst Henry M. Blodget issued research reports and ratings on 24/7 Real Media, Inc. ("24/7") that were neither independent nor objective, but instead were biased and improperly influenced by Merrill Lynch's lucrative investment banking business relationships with this important client. These ratings were materially misleading as they were inconsistent with their own contemporaneous, private adverse assessments of 24/7. As a result of defendants' false and misleading statements, the market price of 24/7 common stock was artificially inflated, maintained or stabilized during the Class Period.
If you purchased the common stock of 24/7 Real Media, Inc. during the Class Period and wish to discuss this action or have any questions, please contact Andrew G. Tolan, Esq. of the Pomerantz firm at 888-476-6529 (or (888) 4-POMLAW), toll free, or at agtolan@pomlaw.com by e-mail. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.