Wolf Haldenstein Adler Freeman and Herz LLP Commences B2B Internet Holdrs Class Action

Apr 25, 2001, 01:00 ET from Wolf Haldenstein Adler Freeman & Herz LLP

    NEW YORK, April 25 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz
 LLP announces that it filed a class action lawsuit in the United States
 District Court for the Southern District of New York on behalf of all
 purchasers of B2B Internet Holdrs Depositary Receipts ("B2B") (Amex:   BHH)
 during the period between February 23, 2000 and April 4, 2001, inclusive (the
 "Class Period") against defendants Merrill Lynch, Pierce, Fenner & Smith
 Incorporated, Merrill Lynch & Co., Ahmass L. Fakahany, John L. Steffens, E.
 Stanley O'Neal and George A. Schieren.
     The case name and index number are Williamson and Zauderer v. Merrill
 Lynch, Pierce, Fenner & Smith Incorporated [01-CV-3469].  A copy of the
 complaint filed in this action is available from the Court, or can be viewed
 on the Wolf Haldenstein Adler Freeman & Herz LLP website at
 http://www.whafh.com.
     The complaint alleges that defendants violated federal securities laws.
 B2B Internet Holdrs depositary receipts were "basket securities" whose price
 was directly related to, and moved with, the price of 20 underlying securities
 held in the B2B Internet Holdrs trust.
     Specifically, the complaint alleges that defendants violated the federal
 securities laws by issuing and selling B2B Internet Holdrs Depositary
 Receipts, in an IPO on February 23, 2000, pursuant to a registration statement
 and prospectus that were materially false and misleading because they failed
 to disclose that a substantial proportion of the B2B Internet Holdrs trust's
 initial portfolio consisted of stocks whose prices had been artificially
 inflated through the use of improper practices relating to their initial
 public offering, and that they therefore traded at artificially inflated
 prices.  The price of B2B Internet Holdrs fell from a March 14, 2000 high of
 $108 to a low of $4.26 on April 3, 2001.
     If you purchased B2B securities during the class period, you may request
 that the Court appoint you as lead plaintiff by June 4, 2001.  A lead
 plaintiff is a representative party that acts on behalf of other class members
 in directing the litigation.  In order to be appointed lead plaintiff, the
 Court must determine that the class member's claim is typical of the claims of
 other class members, and that the class member will adequately represent the
 class.  Under certain circumstances, one or more class members may together
 serve as "lead plaintiff."  Your ability to share in any recovery is not,
 however, affected by the decision whether or not to serve as a lead plaintiff.
 Wolf Haldenstein has extensive experience in the prosecution of securities
 class actions and derivative litigation in state and federal trial and
 appellate courts across the country.  The firm has approximately 60 attorneys
 in various practice areas; and offices in Chicago, New Jersey, New York City,
 San Diego, and West Palm Beach.  The reputation and expertise of this firm in
 shareholder and other class litigation has been repeatedly recognized by the
 courts, which have appointed it to major positions in complex securities
 multi-district and consolidated litigation.
     If you wish to discuss this action or have any questions, please contact
 Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New
 York 10016, by telephone at (800) 575-0735 (Gregory M. Nespole, Esq., George
 Peters, Michael Miske, Fred Taylor Isquith, Esq.), via e-mail at
 classmember@whafh.com or visit our website at http://www.whafh.com.  All email
 should refer to B2B.
 
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                http://tbutton.prnewswire.com/prn/11690X16487417
 
 

SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
    NEW YORK, April 25 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz
 LLP announces that it filed a class action lawsuit in the United States
 District Court for the Southern District of New York on behalf of all
 purchasers of B2B Internet Holdrs Depositary Receipts ("B2B") (Amex:   BHH)
 during the period between February 23, 2000 and April 4, 2001, inclusive (the
 "Class Period") against defendants Merrill Lynch, Pierce, Fenner & Smith
 Incorporated, Merrill Lynch & Co., Ahmass L. Fakahany, John L. Steffens, E.
 Stanley O'Neal and George A. Schieren.
     The case name and index number are Williamson and Zauderer v. Merrill
 Lynch, Pierce, Fenner & Smith Incorporated [01-CV-3469].  A copy of the
 complaint filed in this action is available from the Court, or can be viewed
 on the Wolf Haldenstein Adler Freeman & Herz LLP website at
 http://www.whafh.com.
     The complaint alleges that defendants violated federal securities laws.
 B2B Internet Holdrs depositary receipts were "basket securities" whose price
 was directly related to, and moved with, the price of 20 underlying securities
 held in the B2B Internet Holdrs trust.
     Specifically, the complaint alleges that defendants violated the federal
 securities laws by issuing and selling B2B Internet Holdrs Depositary
 Receipts, in an IPO on February 23, 2000, pursuant to a registration statement
 and prospectus that were materially false and misleading because they failed
 to disclose that a substantial proportion of the B2B Internet Holdrs trust's
 initial portfolio consisted of stocks whose prices had been artificially
 inflated through the use of improper practices relating to their initial
 public offering, and that they therefore traded at artificially inflated
 prices.  The price of B2B Internet Holdrs fell from a March 14, 2000 high of
 $108 to a low of $4.26 on April 3, 2001.
     If you purchased B2B securities during the class period, you may request
 that the Court appoint you as lead plaintiff by June 4, 2001.  A lead
 plaintiff is a representative party that acts on behalf of other class members
 in directing the litigation.  In order to be appointed lead plaintiff, the
 Court must determine that the class member's claim is typical of the claims of
 other class members, and that the class member will adequately represent the
 class.  Under certain circumstances, one or more class members may together
 serve as "lead plaintiff."  Your ability to share in any recovery is not,
 however, affected by the decision whether or not to serve as a lead plaintiff.
 Wolf Haldenstein has extensive experience in the prosecution of securities
 class actions and derivative litigation in state and federal trial and
 appellate courts across the country.  The firm has approximately 60 attorneys
 in various practice areas; and offices in Chicago, New Jersey, New York City,
 San Diego, and West Palm Beach.  The reputation and expertise of this firm in
 shareholder and other class litigation has been repeatedly recognized by the
 courts, which have appointed it to major positions in complex securities
 multi-district and consolidated litigation.
     If you wish to discuss this action or have any questions, please contact
 Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New
 York 10016, by telephone at (800) 575-0735 (Gregory M. Nespole, Esq., George
 Peters, Michael Miske, Fred Taylor Isquith, Esq.), via e-mail at
 classmember@whafh.com or visit our website at http://www.whafh.com.  All email
 should refer to B2B.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X16487417
 
 SOURCE  Wolf Haldenstein Adler Freeman & Herz LLP