NEW YORK, July 15, 2003 (PRIMEZONE) -- The Law Firm of Wechsler Harwood LLP announced that on July 14, 2003, it filed a class action lawsuit in the Chancery Court of Delaware in and for New Castle County on behalf of holders of shares of Edison Schools, Inc. ("Edison" or the "Company"). The complaint names as defendants the directors of Edison and Liberty Partners ("Liberty").
The Complaint alleges that Liberty, together with H. Christopher Whittle ("Whittle"), Edison's CEO and founder, is seeking to take the Company private at the inadequate price of $1.76 cash per share. The Complaint further alleges that the Company has entered into a definitive agreement with Liberty and Whittle to effect the proposed transaction.
Wechsler Harwood has taken a leading role in many important actions on behalf of defrauded shareholders. The Wechsler Harwood website (www.whesq.com) has more information about the firm and detailed information regarding this matter. If you wish a copy of the Complaint or to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the action, please contact the following:
Wechsler Harwood LLP 488 Madison Avenue, 8th Floor New York, New York 10022 Telephone: (212) 935-7400 Toll Free Telephone: (877) 935-7400 David Leifer, Wechsler Harwood Shareholder Relations Department: dleifer@whesq.com, extension-251.