$35.9 Million Cash Partial Settlement In PNC Financial Suit

New York, NY, March 31, 2005 - Judge David Stewart Cercone of the Federal Court for the Western District of Pennsylvania approved a partial settlement of the federal securities law claims against PNC Financial Inc., AIG, Inc. and others for $35.9 million in cash. This action was brought on behalf of all purchasers of PNC common stock between July 19, 2001 and July 18, 2002. All such purchasers should contact Claims Administrator, P.O. Box 1607, Blue Bell, PA 19422, or visit them on the internet at www.claimsinformation.com to receive, fill out and submit a proof of claim to participate in the recovery. Schoengold Sporn Laitman & Lometti was one of three co-lead counsel responsible for the successful prosecution of this case.

Recent Settlements

· In re Nicor, Inc. Securities Litigation, 02-CV-5168 (N.D. Ill.)
July 9, 2004 - $39 million cash settlement
(Sole Lead Counsel)

· In re Westar Energy, Inc. Securities Litigation, 03-CV-4003 (D. Kansas)
September 1, 2005 - $30 million cash settlement
(Sole Lead Counsel)

· In re PNC Finacial Services Group, Inc. Securities Litigation, 02-CV-271(W.D. Penn.)
April 12, 2007 - $46.675 million recovery
(Co-lead Counsel)

· In re SPX Corp. Securities Litigation, 3:04-CV-99 (W.D.N.C.)
April 13, 2007 - $10 million cash settlement
(Sole Lead Counsel)

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