latest news releases from the newsroom
The Pomerantz Firm Charges Global Crossing Officials With Securities Fraud -- GX
NEW YORK, Feb. 13, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action on behalf of purchasers of the securities of Global Crossing, Ltd. ("Global Crossing" or the "Company") (NYSE:GX) during the period between January 2, 2001 and January 30, 2002, inclusive (the "Class Period"). The case was filed in the United States District Court for the District of New Jersey. Named as defendants are certain senior executive officers and directors of the Company. The Company filed for bankruptcy on January 28, 2002 and its stock has been delisted from the NYSE.
Basic Capital Management
Gene Phillips and Cal Rossi, Jr. Acquitted of All Charges in Federal Court
DALLAS, Feb. 13, 2002 (PRIMEZONE) -- Basic Capital Management, Inc. ("BCM") announced today that Gene E. Phillips and A. Cal Rossi, Jr. have been acquitted of all charges in the U.S. District Court, Southern District of New York. Messrs. Phillips and Rossi had been indicted in June 2000 in connection with an alleged scheme to bribe union officials in connection with a proposed sale of shares of preferred stock of a company advised by BCM.
Schiffrin Barroway Topaz & Kessler, LLP
Schiffrin & Barroway, LLP: Shareholder Files Class Action Against Williams Companies, Inc. and Williams Communications Group, Inc. -- WMB, WCG
BALA CYNWYD, Pa., Feb. 13, 2002 (PRIMEZONE) -- A shareholder sued William Companies, Inc. ("WMB") (NYSE:WMB) and/or Williams Communications Group, Inc. ("WCG") (NYSE:WCG) claiming that the company and certain of its officers and directors with issued false and misleading statements concerning its business and financial condition, as alleged in a complaint filed by the law firm of Schiffrin & Barroway, LLP.
Milberg Weiss Announces Class Action Suit Against Williams Companies, Inc. and Williams Communications Group, Inc. -- WMB, WCG
NEW YORK, Feb. 13, 2002 (PRIMEZONE) -- The law firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that a class action lawsuit was filed on January 29, 2002, on behalf of purchasers of the common stock of Williams Companies, Inc. ("WMB") (NYSE:WMB) and/or Williams Communications Group, Inc. ("WCG") (NYSE:WCG) between July 24, 2000 and January 29, 2002, inclusive. A copy of the complaint filed in this action is available from the Court, or can be viewed on Milberg Weiss' website at: http://www.milberg.com/williamscompanies/