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Stull, Stull & BrodyAnnounces Class Action Against Comcast Corp.
NEW YORK, January 9, 2008— Attorney Advertising. Notice is hereby given that a class action has been commenced in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of Comcast Corp. (“Comcast”) (NASDAQ: CMCSA) common stock during the period between February 1, 2007 and December 4, 2007 (the “Class Period”). Stull, Stull & Brody has substantial experience representing employees who suffered losses from purchases of their employer’s stock in their 401(k) plans. If you bought Comcast stock through your Comcast retirement account and have information or would like to learn more about these claims, please contact us. The complaint charges Comcast and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Comcast, together with its subsidiaries, operates as a cable operator in the United States. The complaint alleges that, during the Class Period, defendants materially misled the investing public, thereby inflating the price of Comcast’s common stock by publicly issuing false and misleading statements and failing to disclose: (i) that the Company was experiencing increased competition from satellite providers and telephone companies which was forcing it to spend more to attract and retain customers, and that this adverse trend was worsening; (ii) that the Company’s level of capital expenditures necessary to upgrade and maintain its technology and equipment was rising beyond internal expectations; and (iii) as a result of the foregoing, defendants’ positive statements about the Company and their earnings guidance were lacking in a reasonable basis at all times. On October 25, 2007, Comcast issued a press release announcing
its financial results for the third quarter of 2007, the period ended
September 30, 2007. The Company reported that third-quarter net income
fell 54% from the prior year and that it was experiencing slowing
subscriber growth. Upon these announcements, the price of Comcast
common stock fell $2.57 per share, or approximately 11%, to close
at $21.28 per share, on heavy trading volume. 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. A lead plaintiff is a representative party that acts on
behalf of other class members in directing the litigation. Under
certain circumstances, one or more class members may together serve
as “lead plaintiff.” If you wish to serve as lead plaintiff,
you must move the Court no later than March 3, 2008. Your ability
to share in any recovery is not, however, affected by the decision
whether or not to serve as a lead plaintiff. You may retain Stull,
Stull & Brody, or other counsel of your choice, to serve as your
counsel in this action. Stull, Stull & Brody has litigated many
class actions for violations of securities laws in federal courts
over the past 30 years and has obtained court approval of substantial
settlements on numerous occasions. Stull, Stull & Brody maintains
offices in New York and Los Angeles. 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 Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com. Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome. [ Firm
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