Schoengold Sporn Laitman & Lometti's predecessor firm began specializing in shareholder class and derivative securities litigation with its representation of one of the parties in the seminal case of Escott v. Barchris Construction Corp., 283 F.Supp. 643 (S.D.N.Y. 1968). Barchris is recognized as the leading securities case dealing with the appropriate standards of liability for issuers, underwriters, accountants and lawyers.

Federal courts throughout the country have long noted the firm's experience and ability in complex securities litigation. Among the cases in which the firm’s credentials were recognized are:

· In Maley v. Del Global Technologies Corp., 00-CV-8495 (S.D.N.Y.), a case in which Schoengold Sporn Laitman & Lometti acted as sole lead counsel, Judge McMahon commended the firm for "going the extra mile" in obtaining a settlement representing approximately 41 percent of the maximum recoverable damages incurred by the class, observing: "Through (Schoengold Sporn Laitman & Lometti's) efforts, after intensive investigation, concentrated litigation and extensive arm's-length bargaining, and without the benefit of any governmental agency's investigation, Class Counsel have secured a settlement fund which confers an excellent benefit to the Class. . . I can't ever remember having participated as a lawyer or a judge in a settlement of a securities fraud class action that yielded in excess of a forty percent rate of recovery."

· In In re Westar Energy, Inc. Securities Litigation., 03-CV-4003(D. Kansas), a case in which the class recovered over 34% of total damages, Judge Robinson noted "Class Counsel are highly skilled. They have brought some unique and creative allegations...not based solely on the work of others...but much of which has been based on their own work...the attorneys have great experience, a national reputation, and substantial ability. [T]hey are highly experienced...more than competent...and have diligently represented the class."

· In In re SPX Corp. Sec. Litig., 3:04-CV-99 (W.D.N.C.), the Court commended the firm for its "skill, perseverance[,] … diligent advocacy" and "aggressive representation" of the class in achieving "from a financial standpoint, a very fair settlement" aggregating $10 million, or approximately 22 percent of the maximum recoverable damages, noting that SSL&L is among the "leading attorneys in the country in the area of class actions" and is "extremely competent" and "very experienced."

· In Kriegel v. Pacific Scientific Co., 98-CV-4163 (C.D. Cal.), a case in which the class received approximately 27 percent of their claimed maximum damages (which was 25 times defendants’ estimation of damages), Judge Morrow concluded that the firm's "significant expertise” and the hard fought settlement that was obtained on the eve of trial directly contributed to the case’s "positive outcome.”

· In Behr v. APAC Teleservices, Inc., 97-CV-9145 (S.D.N.Y.), Judge Jones recognized the "long efforts" of counsel in litigating the case and their "thorough investigation" of plaintiffs' claims, concluding that the "substantial settlement" obtained "saved [the class] a lot of years of complex litigation."

· In In re Rite Aid Corp. Derivative Litigation, 99-CV-1349 (E.D.Pa.), Judge Dalzell noted that Schoengold Sporn Laitman & Lometti "worked efficiently to help produce a result that benefits the corporation and, through it, its shareholders."

· In In re Datascope Corp. Securities Litigation, 93-CV-4954 (D.N.J.), Judge Bassler observed: "I have been continually impressed with the quality of the work in the case . . . in terms of the way this matter was handled, the professionalism, quality of the legal work, I've never seen anything better, so and for that I’m very grateful to everybody."

· In In re Anadigics, Inc. Securities Litigation, CV-98-917 (D.N.J.), a case in which the class received approximately 44 percent of their legally recoverable damages, Magistrate Judge Wolfson praised the firm's achievement in resolving a difficult and complex case without prolonging the litigation and noted that the attorneys handling the matter were well respected and experienced practitioners.

· In In re Versatility, Inc. Securities Litigation, 98-CV-1676 (S.D.N.Y.), Judge Sprizzo commended the firm for negotiating a settlement that reflects . . . "the best interests of the shareholders and the intelligence of the lawyers."

· In Ostroff v. Hemisphere Hotels Corp., (CCH) Fed. Sec. L. Rep. & 94,713 (S.D.N.Y. 1974), Judge Bonsal observed that "Messrs. Schoengold and Sporn are able attorneys, especially in Securities acts cases.

· In Abramson v. Hyatt International, (CCH) Fed. Sec. L. Rep. & 98,447 (S.D.N.Y. 1982), Judge Lowe commented that "Counsel on both sides are highly respected members of the bar and have substantial experience in stockholder litigation, federal securities litigation and class action litigation.

· In IDI Securities Litigation, 84-CV-3870 (S.D.N.Y.), where shareholders received over 95 percent of their recognized losses, Judge Broderick stated that the legal work done on behalf of the class was "excellent" and "the result was an excellent result."

WHAT OUR CLIENTS
HAVE TO SAY

"As an individual investor with no prior experience in securities class action litigation, I was immediately put at ease with the way the lawyers at Schoengold Sporn Laitman & Lometti handled the USN Securities Litigation. Their diligence, professionalism and expertise reassured me every step of the way that I and the Class were in the very best of hands."

Jack Priesmeyer
Lead Plaintiff, Danis v.
USN Communications, Inc.

"HGK Asset Management, Inc. is committed to protecting its clients and to aggressively defending their interests. When the WorldCom fraud occurred, we were happy to call upon the services of Schoengold Sporn Laitman & Lometti to obtain relief for our clients.

As a direct result of that firm’s work in the WorldCom Securities Litigation, we were able to achieve an historic settlement on behalf of our clients. The $6.13 Billion recovery obtained is the largest class action award in U.S. history, and probably would not have been possible without the unrelenting efforts of the lawyers at the Schoengold firm.

As a result of the firm’s hard-fought victory, we expect our bondholder-clients to recover more than 50 percent of the losses attributable to the pervasive fraud at WorldCom.

Since the passage of the Private Securities Litigation Reform Act (PSLRA) in 1995, only a handful of professional asset management organizations, such as HGK Asset Management, Inc. have stepped forward to lead a class action suit. Working closely together, HGK and the Schoengold firm achieved unparalleled success in this litigation."

Jeffrey T. Harris
Chairman & Chief Executive Officer
HGK Asset Management, Inc.
Certified Class Representative, In re WorldCom, Inc. Securities Litigation

"Schoengold Sporn Laitman & Lometti represented the Joint Industry-Engineers Union Local 30 Pension Fund as a Lead Plaintiff in the PNC Financial Services Group, Inc. securities case. The case involved very complex claims against PNC and various third parties relating to off-balance sheet transactions that were designed to misrepresent PNC's balance sheet. If it wasn't for the work of Schoengold Sporn Laitman & Lometti, we would not even have known that we had a claim, but thanks to them, were able to secure a $36.6 million recovery that will directly benefit our members and the rest of the Class."

Mr. John T. Ahern
President & Business Representative
Local 30 IUOE
Lead Plaintiff,
In re PNC Financial Services Group, Inc Securities Litigation

"My fellow trustees and I hired Schoengold Sporn Laitman & Lometti to monitor the Teamsters Local 804 and Machinists Local 447-UPS Retirement Trust's pension assets, a service they provide at no charge. As it turned out, they quickly identified a loss we incurred in connection with an investment we had made in a company called Nicor. The firm then prosecuted that claim on our behalf as sole Lead Counsel in class action and eventually recovered $39 million. Thanks to Schoengold Sporn Laitman & Lometti, our fund received a check for almost $30,000; that's money I believe we never would have recovered but for the firm's free monitoring service and expert legal work."

Mr. Anthony Magrene
Secretary Treasurer
Local 804 I.B.T
Sole Lead Plaintiff,
In re Nicor, Inc. Securities Litigation