Class Action Lawsuit Against SBC by Its Employees

Lawsuit Concerning Elimination and Reduction of SBC Telephone Concession Plan Benefits Filed On Behalf of Current and Former Employees and Retirees of SBC, Ameritech, Pacific Telesis and Southern New England Telephone.

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed a complaint against SBC Telecommunications (and its predecessors) concerning the management of and the reduction of benefits by the SBC Telephone Concession Plan. This lawsuit alleges that SBC violated nearly every provision of the Employee Retirement Income Security Act ("ERISA") governing defined benefit plans with respect to the SBC Telephone Concession Plan (the "Plan") by failing to treat the provision of the Telephone Concession to retirees as an ERISA covered employee benefit plan. This lawsuit seeks a determination that the Plan is a defined benefit pension plan covered by ERISA, seeks to reform the Plan so that it complies with ERISA and also seeks to restore telephone concession benefits to retirees and other employees of SBC (and its predecessors and/or affiliates) who were vested in the Plan pursuant to ERISA which SBC has attempted to eliminate or reduce.

This lawsuit is filed on behalf of the following groups of retirees and employees: (1) Retirees of SBC or a predecessor of SBC (including, but not limited to Ameritech, Pacific Telesis and Southern New England Telephone) who were entitled to receive received the Telephone Concession Benefit after they retired; or (2) Current or former employees of SBC with more than five years of service during the time that SBC had a policy to provide employees with a Telephone Concession Benefit upon retirement.

If you are a current, former or retired employee of SBC (or its predecessors and/or affiliates) who are receiving or did receive the telephone concession benefit, or you have information which might assist us in the prosecution of these allegations, please contact one of the following persons:

R. Joseph Barton, Esq. Jill Soroka Cohen, Milstein, Hausfeld & Toll, P.L.L.C. 1100 New York Avenue, N.W., Suite 500 Washington, D.C. 20005 Telephone: 888-240-0775 or 202-408-4600

The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., is a nationally recognized plaintiffs' class action law firm and has significant experience in representing employees injured by corporate misconduct. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll's ERISA practice is headed by Marc I. Machiz, formerly the Department of Labor's chief ERISA lawyer.

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. 1100 New York Ave. NW, Ste

500, West Tower Washington, D.C. 20005 T: 202.408.4600 F: 202.408.4699 E:

Copyright 2005 CMHT

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Cohen, Millsteien, et al
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