Spector, Roseman & Kodroff, P.C. Expands Class Action Lawsuit Against Winstar Communications Inc.

Apr 27, 2001, 01:00 ET from Spector, Roseman & Kodroff, P.C.

    NEW YORK, April 27 /PRNewswire/ -- The law firm of Spector, Roseman &
 Kodroff today announced that the class action on behalf of Winstar
 Communications Inc., investors (Nasdaq:   WCIIQ) will be expanded to include
 investors who purchased Winstar securities in the period from June 2000 to
 April 2, 2001.
     The complaint names Winstar, William Rouhana, Richard Uhl and Nathan
 Kantor as defendants.  The complaint alleges that the defendants made material
 misrepresentations and omissions of material facts concerning the company's
 business performance during the relevant time.  According to the complaint,
 throughout the relevant time period, defendants repeatedly assured investors
 that the company was performing well, that the company was enjoying strong
 growth and that it was well-funded to follow its growth-oriented business plan
 through the first quarter of 2002.  At the same time, however, the complaint
 alleges that the defendants knew or recklessly disregarded that Winstar was
 overstating revenues and assets.  In April 2001, contrary to prior
 representations, Winstar announced that it was halting its expansion and
 laying off thousands of employees.  The company has delayed the filing of its
 annual Report on Form 10-K with the SEC and its stock price has collapsed.
 The lawsuit was filed in the United States District Court for the Southern
 District of New York.
     If you wish to discuss this action or have any questions concerning this
 notice or your rights or interests, please contact plaintiff's counsel Robert
 M. Roseman toll-free at 888-844-5862 or via E-mail at
 classaction@spectorandroseman.com.  For more detailed information about the
 firm please visit its website at http://www.spectorandroseman.com.
 
     Spector, Roseman & Kodroff, P.C., located in Philadelphia, Pennsylvania
 and San Diego, California, concentrates its practice in complex litigation
 including actions dealing with securities laws, antitrust, contract and
 commercial claims.  The firm is active in major litigation pending in federal
 and state courts throughout the United States.  The firm's reputation for
 excellence has been recognized on repeated occasions by courts which have
 appointed the firm as lead counsel in numerous major class actions involving
 violations of the federal securities laws and the federal antitrust laws, and
 consumer fraud.  As a result of the efforts of the firm, and its members,
 hundreds of millions of dollars have been recovered on behalf of thousands of
 defrauded shareholders and companies.
 
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                http://tbutton.prnewswire.com/prn/11690X31428446
 
 

SOURCE Spector, Roseman & Kodroff, P.C.
    NEW YORK, April 27 /PRNewswire/ -- The law firm of Spector, Roseman &
 Kodroff today announced that the class action on behalf of Winstar
 Communications Inc., investors (Nasdaq:   WCIIQ) will be expanded to include
 investors who purchased Winstar securities in the period from June 2000 to
 April 2, 2001.
     The complaint names Winstar, William Rouhana, Richard Uhl and Nathan
 Kantor as defendants.  The complaint alleges that the defendants made material
 misrepresentations and omissions of material facts concerning the company's
 business performance during the relevant time.  According to the complaint,
 throughout the relevant time period, defendants repeatedly assured investors
 that the company was performing well, that the company was enjoying strong
 growth and that it was well-funded to follow its growth-oriented business plan
 through the first quarter of 2002.  At the same time, however, the complaint
 alleges that the defendants knew or recklessly disregarded that Winstar was
 overstating revenues and assets.  In April 2001, contrary to prior
 representations, Winstar announced that it was halting its expansion and
 laying off thousands of employees.  The company has delayed the filing of its
 annual Report on Form 10-K with the SEC and its stock price has collapsed.
 The lawsuit was filed in the United States District Court for the Southern
 District of New York.
     If you wish to discuss this action or have any questions concerning this
 notice or your rights or interests, please contact plaintiff's counsel Robert
 M. Roseman toll-free at 888-844-5862 or via E-mail at
 classaction@spectorandroseman.com.  For more detailed information about the
 firm please visit its website at http://www.spectorandroseman.com.
 
     Spector, Roseman & Kodroff, P.C., located in Philadelphia, Pennsylvania
 and San Diego, California, concentrates its practice in complex litigation
 including actions dealing with securities laws, antitrust, contract and
 commercial claims.  The firm is active in major litigation pending in federal
 and state courts throughout the United States.  The firm's reputation for
 excellence has been recognized on repeated occasions by courts which have
 appointed the firm as lead counsel in numerous major class actions involving
 violations of the federal securities laws and the federal antitrust laws, and
 consumer fraud.  As a result of the efforts of the firm, and its members,
 hundreds of millions of dollars have been recovered on behalf of thousands of
 defrauded shareholders and companies.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X31428446
 
 SOURCE  Spector, Roseman & Kodroff, P.C.