NEW YORK, May 22, 2002 (PRIMEZONE) -- On May 21, 2002, the law firm of Cohen, Milstein, Hausfeld & Toll issued a press release announcing the filing of an action against Merrill Lynch & Co., Inc. and Henry M. Blodget on behalf of GoTo.com, Inc. shareholders (now known as Overture Services, Inc.) (Nasdaq:OVER). Please note that Cohen, Milstein has not filed any complaint. The description of the action in the Cohen, Milstein press release is of the complaint that Pomerantz Haudek Block Grossman & Gross LLP filed on May 20, 2002 after considerable investigation. See Pomerantz, Haudek's press release on May 20, 2002: "Merrill Lynch and Henry Blodget Charged with Securities Fraud by GoTo Shareholder."
The Pomerantz firm, which has offices in New York and Chicago, is acknowledged as one of the premier firms in the areas of corporate, securities and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz firm pioneered the field of securities class actions. Today, more than 50 years later, the Pomerantz firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members.