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May be trouble for IN:

Infonet Services Corporation's Alleged Material Omissions And False And Misleading Statements Leads To Shareholder Action
LOS ANGELES, CA, Dec 24, 2001 (INTERNET WIRE via COMTEX) -- Notice is hereby given that a class action lawsuit has been commenced in the United States District Court for the Southern District of California asserting claims on behalf of a class (the "Class") consisting of all persons who purchased securities of Infonet Services Corporation between December 16, 1999 and July 31, 2001, inclusive (the "Class Period").

The complaint charges Infonet Services and certain of its officers and directors with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and the dissemination of materially false and misleading statements regarding the nature of Infonet Services' AUCS channel caused Infonet Services' stock price to become artificially inflated, inflicting enormous damages on investors.

Plaintiff seeks to recover damages on behalf of Class members and is represented by the Law Offices of Lionel Z. Glancy, a firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.

If you are a member of the class described above, you may move the Court, not later than February 4, 2002, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of the Law Offices of Lionel Z. Glancy, 1801 Avenue of the Stars, Suite 311, Los Angeles, CA 90067, by telephone at [phone] or [phone] (toll-free), or, send a fax to [phone], or by Email to [e-mail].

CONTACT: Michael Goldberg
Law Offices of Lionel Z. Glancy
888-773-9224


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