BALA CYNWYD, Aug. 22, 2002 (PRIMEZONE) -- Law offices of Brodsky & Smith, L.L.C. today announced that a securities class action lawsuit has been commenced on behalf of shareholders who acquired HOLDRS/SM/Trust ("Internet HOLDRS") (AMEX:HHH) securities between September 22, 1999 and April 26, 2002, inclusive (the proposed Class Period).
The case is pending in the United States District Court for the Southern District of New York, against the company.
The action charges that defendants violated the federal securities laws by issuing materially false and misleading statements in its registration statement, which included a Prospectus, issued in connection with the initial public offering of the Internet HOLDRS depository receipts.
No class had yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased the stock listed above during the class period, you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.
If you were a purchaser of this stock during the period indicated and want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, L.L.C. who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, L.L.C., 11 Bala Avenue, Bala Cynwyd, PA 19004, by e-mail at esmith@Brodsky-Smith.com, or by calling toll free 877-LEGAL-90.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca