Globalstar Class Action Update From Shalov Stone & Bonner - GSTRF

New York, New York, UNITED STATES

NEW YORK, March 12, 2001 (PRIMEZONE) -- The law firm of Shalov Stone & Bonner ( gives notice to purchasers of the securities of Globalstar Telecommunications Ltd. (Nasdaq:GSTRF) in the period from December 6, 1999 to October 27, 2000. A class action complaint involving the securities of Globalstar was filed on behalf of investors by the law firm of Shalov Stone & Bonner. Shalov Stone & Bonner conducted the investigation leading to the filing of the Globalstar action and it was the first law firm to take action in these cases.

Shalov Stone & Bonner has taken a leading role in many important actions on behalf of defrauded investors and consumers. The firm is frequently retained by investors to conduct investigations and initiate actions involving allegations of corporate fraud. The members of the firm possess significant experience and expertise conducting investigations and legal actions of this nature. The firm's experience and accomplishments are discussed on its website --

If you wish to discuss the Globalstar action with us, or if you have any questions concerning this notice or your rights and interests with regard to the cases listed, please contact Shalov Stone & Bonner (Ralph M. Stone, Esq. or Mark J. Nemetz, Law Clerk), 276 Fifth Avenue, Suite 704, New York, New York 10001, Telephone (212) 686-8004, Fax (212) 686-8005, Email: or

More information on this and other class actions can be found on the Class Action Newsline at


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