Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Files Class Action Suit Against Merrill Lynch and Henry Blodget - 24/7 Real Media, Inc. May 15, 2002--Cohen, Milstein, Hausfeld & Toll, P.L.L.C. filed a lawsuit on May 15, 2002, in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of 24/7 Real Media, Inc. (Nasdaq: TFSM) between the period of May 12, 1999 through November 9, 2000 (the "Class Period"), against Merrill Lynch & Co., Inc. and its internet analyst Henry Blodget. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. is also involved in other cases against Merrill Lynch and Blodget on behalf of purchasers of Infospace, Internet Capital Group, Aether Systems and Excite@Home stock. The Complaint alleges that to maintain and enhance Merrill Lynch's investment banking relationships with TFSM, defendants issued analyst reports with positive ratings on TFSM which were materially misleading as they were inconsistent with their own contemporaneous, private adverse assessments of TFSM. For example, defendants were repeatedly issuing a short-term accumulate, long-term buy rating on TFSM despite their internal e-mails, which criticized an investment in TFSM. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington, D.C., Chicago and New York, and is active in major litigation pending in federal and state courts throughout the nation. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total in the billions of dollars. If you purchased TFSM common stock during the period from May 12, 1999 through November 9, 2000, inclusive, you may, no later than June 25, 2002, move to be appointed as a Lead Plaintiff. If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following: Steven J. Toll, Esq.
Cohen, Milstein, Hausfeld & Toll, P.L.L.C.
1100 New York Avenue, N.W.
Suite 500 - West Tower
Washington, D.C. 20005
Telephone: 888-240-0775 or 202-408-4600
E-mail address: stoll@cmht.com
For more information, please contact us at lawinfo@cmht.com.
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