Over the last 22 months more than 75 security class action lawsuits were settled on behalf of investors. The value of the settlements and awards was in excess of $4.3 Billion. That equates to more than $56 Million per case. (The $4.3 Billion does not include the $2.65 Billion settlement in the Citigroup/Worldcom case).

76% of the class action lawsuits were based on allegations that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by making a series of materially false and misleading statements and/or omissions. That as a result of these materially false and misleading statements and/or omissions the price at which the securities were traded in the public market was artificially inflated.

20% of the class action lawsuits are based on materially false and misleading statements and omissions or failing to follow the terms outlined in a Prospectus and/or Prospectus Supplements.

27% of the class action lawsuits named officers and directors as defendants (some by name, others by position).

32 additional security class action lawsuits were pending at the time of writing this report.

At a minimum, 7 legal firms are actively pursuing security class action lawsuits. These firms are expending hundreds of thousands of dollars searching through company press releases, financial reports and prospectuses looking for potential areas of