Wolf Haldenstein Adler Freeman & Herz LLP announced that the motion to dismiss in In Re: IPO Securities Litigation, 21 MC 92 (SAS), was denied on February 20, 2003, by Judge Shira A. Scheindlin in the Southern District of New York. The Underwriter Defendants include, among others, Credit Suisse First Boston Corp. [NYSE:CSR]; The Goldman Sachs Group, Inc. [NYSE:GS]; Morgan Stanley Dean Witter & Co. [NYSE:MWD]; and Salomon Smith Barney, Inc. [NYSE:C].

The cases previously were consolidated and Wolf Haldenstein was appointed one of the Co-lead Counsel and member of the Executive Committee. Amended complaints were filed and defendants moved to dismiss. On February 19, 2003, the Court denied, in part, defendants? Motion to Dismiss. Click here to read the Opinion denying the Motion to Dismiss. The case will now proceed to the discovery investigatory phase in preparation for trial.

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 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.