ÿþ<HTML><HEAD><TITLE>Williams Companies, Inc. - Securities Class Action</TITLE> <META NAME='DESCRIPTION' CONTENT='<b>Summary:</b> According to a press release dated July 11, 2007, a class-action shareholder lawsuit against the former directors and officers of Williams Communications Group ended Friday with a federal judge granting summary judgment for the defendants. Williams Communications stock purchasers filed suit in 2002. The plaintiffs contended that company officials did not properly disclose the failing company's true financial condition, and that officials' public statements belied the firm's plummeting fiscal picture. According to the court's 169-page opinion, the defendants argued that the shareholders were not entitled to insurance against "improvident investment choices. & The litigation was initially filed against the communications company, Williams Companies and auditors Ernst and Young. A federal court later separated it into two cases. The Williams Companies settled the portion of the litigation against it last year, agreeing to pay $290 million, with another $21 million from Ernst and Young. One of the subclasses (the WMB Subclass) consists of purchasers of securities issued by Williams Companies, Inc. The other subclass (the WCG Subclass) consists of purchasers of common stock and notes issued by Williams Communications Group, Inc. The claims of the WMB Subclass have been settled. Defendants April 1, 2006 motions for partial summary judgment regarding the WCG Subclass are still pending. On February 12, 2007, the Court entered the Orders signed by U.S. District Judge Stephen P. Friot and approving the Plan of Allocation of Settlement Proceeds, Awarding Awarding Aggregate Attorneys' Fees and Reimbursement of Litigation Expenses. Further, the Court approved the settlement and entered Judgment. On February 26, 2007, a Notice of Appeal was filed regarding the Order awarding attorneys fees. On June 5, 2007, a Notice of Agreement Concerning Allocation of Attorneys' Fees and Litigation Expenses was filed. According the Notice, the Seymour Law Firm shall receive $22,500,000 in attorney fees and the remainder of the fees shall be allocated to Bernstein Litowitz Berger & Grossmann LLP and the Burrage Law Firm. The Seymour Law Firm shall receive $1,775,638 in reimbursement of expenses, and Bernstein Litowitz Berger & Grossmann LLP and the Burrage Law Firm shall receive $8,752,054. The class representatives shall receive a total of $36,432. On June 8, 2007, the appeal was dismissed from the U.S. Court of Appeals for the Tenth Circuit. On October 5, 2006, the Court granted preliminary approval of the settlement obtained from Williams and its auditor, Ernst & Young, for $311 million. A settlement fairness hearing will be held on February 9, 2007, at 10:00 a.m., before the Honorable Stephen P. Friot, United States District Judge, at the United States District Court for the Northern District of Oklahoma, 333 W. Fourth St., Tulsa, OK 74103. In a press release dated June 13, 2006, Williams Cos. Inc. (NYSE:WMB) will pay $290 million US to settle a class-action shareholder lawsuit, but company officials say the settlement won't slow its recovery from accounting and liability woes. Williams announced the settlement early Tuesday. The settlement covers investors who purchased Williams securities between July 24, 2000, and July 22, 2002. The lawsuit stemmed from accounting practices related to energy trading and potential liability associated with Williams Communications Group Inc., a former unit of Williams. Williams guaranteed more than $2 billion of that company's debt. Williams Communications later went bankrupt. The Ontario Teachers' Pension Plan was the court-appointed co-lead plaintiff, with the Arkansas Teacher Retirement System, in the class action on behalf of investors who bought Williams securities. Auditors will also kick in $21 million US, bringing the total settlement to $311 million US. As summarized by the Notice of Proposed Settlement of Securities Class Action dated October 5, 2006, by Order dated April 15, 2002, several actions were consolidated for all purposes as In re Williams Securities Litigation. The operative complaint is the Consolidated Amended Complaint (the  Complaint ) filed on October 7, 2002. The Complaint alleges violations of Sections 11 and 12(a)(2) of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, among other claims The Complaint alleges that between July 24, 2000 and July 22, 2002, inclusive, members of the WMB Subclass purchased or otherwise acquired Williams common stock, August Notes, and FELINE PACS, at prices that were artificially inflated as a result of the Settling Defendants dissemination of materially false and misleading statements and were injured thereby. Upon the close of fact and expert discovery, Lead Counsel filed an affirmative motion for summary judgment and opposed several motions for summary judgment filed by Williams, the Individual Settling Defendants, and the Underwriter Defendants. Defendants motions for summary judgment were under advisement by the Court at the time of Settlement. The original complaint was filed alleging defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between July 24, 2000 and January 29, 2002, thereby artificially inflating the price of WMB common stock and WCG common stock. Specifically, the complaint alleges that WMB and WCG issued a series of statements concerning their businesses, financial results and operations which failed to disclose (i) that the spin-off of WCG from WMB was not in the best interests of both WMB and WCG shareholders as the primary motivation for the spin-off of WCG was to allow WMB to shore up its balance sheet so that it could then issue more stock and/or debt to acquire companies using its common stock as currency and protect its debt rating; (ii) that WCG was operating at levels well below company-sponsored expectations, such that revenue projections were overstated, and costs and expenses were understated, and also such that, in an effort to control costs, defendants would soon have to take actions which would have a further adverse impact on WCG's profitability; (iii) that approximately $2 billion of WCG debt that was guaranteed for payment by WMB around the time of the spin-off was improperly footnoted by WMB as a mere contingent obligation of WMB, which was materially false and misleading because the declining financial condition of WCG made it increasingly certain that WMB would be forced to pay on such guaranties, for which it did not adequately reserve; (iv) that WCG's assets were permanently impaired and had to be written-off and that WCG avoided taking such write-offs on its own books through the series of financial machinations described in the complaint; (v) that WMB was carrying on its financial statements receivables from WCG that were impaired, uncollectible and should have been written-off in whole or in substantial part. Rather than writing off these impaired assets, which amounted to tens of millions of dollars, WMB agreed to extend up to $100 million of WCG's receivables with an outstanding balance due on March 31, 2001, to March 15, 2002; and (vi) that the sale and leaseback of WCG's office properties in or about September of 2001 was a non-arm's-length transaction at an inflated value for the properties whose motive and intent was to funnel monies to WCG and avoid forcing WMB to perform its guaranties and thereby adversely affect its results and debt ratings.'> <META NAME='KEYWORDS' CONTENT='Williams Companies, Inc. - Securities Class Action, Class Action, Securities'></HEAD> <BODY background='/img/bg.gif' VLINK=#660000 ALINK=#DDDDDD LINK=#330066> <TABLE WIDTH=765> <TR><TD WIDTH=151><IMG SRC='/img/frond2.gif'></TD> <TD ALIGN='left'> <table width='600' border='0' cellspacing='0' cellpadding='0'> <tr> <td height='75'><img src='/img/scac_banner_600.jpg' width='600' height='85' usemap='#MapMapMap' 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face='Garmond,Helvetica,Times' size='1' color='#FFFFFF'><b>Copyright (c) 2001<br> Stanford Law School </b></font> </p> </td> </tr> </table> </TD><TD valign='top'><br><font FACE=Garmond,Helvetica,Times size=4 color=#330066><B> Williams Companies, Inc.</B><font size=2> <form method='get' action='http://find.stanford.edu/search'> <input type='text' name='q' size='40' maxlength='255' value=''/> <font face='Garmond,Helvetica,Times' size=2 color=#330066><b><font size=1> <input type='submit' name='btnG' value='SEARCH CASE COURT FILINGS'/> </font></b></font> <input type='hidden' name='site' value='stanford'/> <input type='hidden' name='client' value='stanford'/> <input type='hidden' name='proxystylesheet' value='http://google.stanford.edu/stylesheet.xslt'/> <input type='hidden' name='output' value='xml_no_dtd'/> <input type='hidden' name='as_dt' value='i'/> <input type='hidden' name='as_sitesearch' value='http://securities.stanford.edu/1023/WMB02'> </form> </font></font> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> <b>Summary:</b>&nbsp;According to a press release dated July 11, 2007, a class-action shareholder lawsuit against the former directors and officers of Williams Communications Group ended Friday with a federal judge granting summary judgment for the defendants. Williams Communications stock purchasers filed suit in 2002. The plaintiffs contended that company officials did not properly disclose the failing company's true financial condition, and that officials' public statements belied the firm's plummeting fiscal picture. According to the court's 169-page opinion, the defendants argued that the shareholders were not entitled to insurance against "improvident investment choices. & The litigation was initially filed against the communications company, Williams Companies and auditors Ernst and Young. A federal court later separated it into two cases. The Williams Companies settled the portion of the litigation against it last year, agreeing to pay $290 million, with another $21 million from Ernst and Young. <br><br> One of the subclasses (the WMB Subclass) consists of purchasers of securities issued by Williams Companies, Inc. The other subclass (the WCG Subclass) consists of purchasers of common stock and notes issued by Williams Communications Group, Inc. The claims of the WMB Subclass have been settled. Defendants April 1, 2006 motions for partial summary judgment regarding the WCG Subclass are still pending. <br><br> On February 12, 2007, the Court entered the Orders signed by U.S. District Judge Stephen P. Friot and approving the Plan of Allocation of Settlement Proceeds, Awarding Awarding Aggregate Attorneys' Fees and Reimbursement of Litigation Expenses. Further, the Court approved the settlement and entered Judgment. On February 26, 2007, a Notice of Appeal was filed regarding the Order awarding attorneys fees. On June 5, 2007, a Notice of Agreement Concerning Allocation of Attorneys' Fees and Litigation Expenses was filed. According the Notice, the Seymour Law Firm shall receive $22,500,000 in attorney fees and the remainder of the fees shall be allocated to Bernstein Litowitz Berger & Grossmann LLP and the Burrage Law Firm. The Seymour Law Firm shall receive $1,775,638 in reimbursement of expenses, and Bernstein Litowitz Berger & Grossmann LLP and the Burrage Law Firm shall receive $8,752,054. The class representatives shall receive a total of $36,432. On June 8, 2007, the appeal was dismissed from the U.S. Court of Appeals for the Tenth Circuit. <br><br> On October 5, 2006, the Court granted preliminary approval of the settlement obtained from Williams and its auditor, Ernst & Young, for $311 million. A settlement fairness hearing will be held on February 9, 2007, at 10:00 a.m., before the Honorable Stephen P. Friot, United States District Judge, at the United States District Court for the Northern District of Oklahoma, 333 W. Fourth St., Tulsa, OK 74103. <br><br> In a press release dated June 13, 2006, Williams Cos. Inc. (NYSE:WMB) will pay $290 million US to settle a class-action shareholder lawsuit, but company officials say the settlement won't slow its recovery from accounting and liability woes. Williams announced the settlement early Tuesday. The settlement covers investors who purchased Williams securities between July 24, 2000, and July 22, 2002. The lawsuit stemmed from accounting practices related to energy trading and potential liability associated with Williams Communications Group Inc., a former unit of Williams. Williams guaranteed more than $2 billion of that company's debt. Williams Communications later went bankrupt. The Ontario Teachers' Pension Plan was the court-appointed co-lead plaintiff, with the Arkansas Teacher Retirement System, in the class action on behalf of investors who bought Williams securities. Auditors will also kick in $21 million US, bringing the total settlement to $311 million US. <br><br> As summarized by the Notice of Proposed Settlement of Securities Class Action dated October 5, 2006, by Order dated April 15, 2002, several actions were consolidated for all purposes as In re Williams Securities Litigation. The operative complaint is the Consolidated Amended Complaint (the  Complaint ) filed on October 7, 2002. The Complaint alleges violations of Sections 11 and 12(a)(2) of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, among other claims The Complaint alleges that between July 24, 2000 and July 22, 2002, inclusive, members of the WMB Subclass purchased or otherwise acquired Williams common stock, August Notes, and FELINE PACS, at prices that were artificially inflated as a result of the Settling Defendants dissemination of materially false and misleading statements and were injured thereby. Upon the close of fact and expert discovery, Lead Counsel filed an affirmative motion for summary judgment and opposed several motions for summary judgment filed by Williams, the Individual Settling Defendants, and the Underwriter Defendants. Defendants motions for summary judgment were under advisement by the Court at the time of Settlement. <br><br> The original complaint was filed alleging defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between July 24, 2000 and January 29, 2002, thereby artificially inflating the price of WMB common stock and WCG common stock. Specifically, the complaint alleges that WMB and WCG issued a series of statements concerning their businesses, financial results and operations which failed to disclose (i) that the spin-off of WCG from WMB was not in the best interests of both WMB and WCG shareholders as the primary motivation for the spin-off of WCG was to allow WMB to shore up its balance sheet so that it could then issue more stock and/or debt to acquire companies using its common stock as currency and protect its debt rating; (ii) that WCG was operating at levels well below company-sponsored expectations, such that revenue projections were overstated, and costs and expenses were understated, and also such that, in an effort to control costs, defendants would soon have to take actions which would have a further adverse impact on WCG's profitability; (iii) that approximately $2 billion of WCG debt that was guaranteed for payment by WMB around the time of the spin-off was improperly footnoted by WMB as a mere contingent obligation of WMB, which was materially false and misleading because the declining financial condition of WCG made it increasingly certain that WMB would be forced to pay on such guaranties, for which it did not adequately reserve; (iv) that WCG's assets were permanently impaired and had to be written-off and that WCG avoided taking such write-offs on its own books through the series of financial machinations described in the complaint; (v) that WMB was carrying on its financial statements receivables from WCG that were impaired, uncollectible and should have been written-off in whole or in substantial part. Rather than writing off these impaired assets, which amounted to tens of millions of dollars, WMB agreed to extend up to $100 million of WCG's receivables with an outstanding balance due on March 31, 2001, to March 15, 2002; and (vi) that the sale and leaseback of WCG's office properties in or about September of 2001 was a non-arm's-length transaction at an inflated value for the properties whose motive and intent was to funnel monies to WCG and avoid forcing WMB to perform its guaranties and thereby adversely affect its results and debt ratings.<br> <HR WIDTH=50% ALIGN=left> INDUSTRY CLASSIFICATION:<br> <b>SIC Code:</b> 4922<br> <b>Sector:</b> Utilities<br> <b>Industry:</b> Natural Gas Utilities<br> </font><p></P><HR> <TABLE width='100%'> <TR> <TD ALIGN='left' width='30%'><font FACE=Garmond,Helvetica,Times size=1 color=#330066><B> COMPANY/ISSUER NAME:</B></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066><B> Williams Companies, Inc.</B></font></TD> </TR> <TR> <TD ALIGN='left' width='30%'><font FACE=Garmond,Helvetica,Times size=1 color=#330066><B> COMPANY/ISSUER TICKER:</B></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066><B> WMB</B></font></TD> </TR> <TR> <TD ALIGN='left' width='30%'><font FACE=Garmond,Helvetica,Times size=1 color=#330066><B> COMPANY WEBSITE:</B></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066><B> <A HREF='http://www.williams.com'>http://www.williams.com</A></B></font></TD> </TR> </TABLE><HR> <TABLE BORDER=0 width=100%> <TR><TD COLSPAN = 4><B><font FACE=Garmond,Helvetica,Times size=2 color=#330066> FIRST IDENTIFIED COMPLAINT IN THE DATABASE</font></B></TD></TR> <TR><TD colspan=4 align='left' bgcolor='#330066'> <font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF><B>Cali, et al. v. Williams Companies, Inc., et al.</B></font></TD></TR> <TR><TD align='left' colspan='4'><div align='left'> <table width='100%' CELLPADDING='0' CELLSPACING='0' BORDER='1'> <TR><TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;COURT:&nbsp;<b>N.D. Oklahoma</b></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;DOCKET NUMBER:&nbsp;<b>02-CV-00072</b><font></font></font></TD></TR> <TR><TD align='left' colspan=2 bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;JUDGE NAME:&nbsp;<b>Hon. Sven Erik Holmes</b></font></TD></TR> <TR><TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;DATE FILED:&nbsp;<b>1/29/2002</b></font></TD> <TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;SOURCE:&nbsp;<b>Business Wires<b></b></b></font></TD></TR> <TR><TD align='left' bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;CLASS PERIOD START:&nbsp;<b>7/24/2000<b></b></b></font></td> <TD align='left' bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;CLASS PERIOD END:&nbsp;<b>1/29/2002</b></font></TD></TR> <TR><TD align='left' colspan=2><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;TYPE OF COMPLAINT:&nbsp;<b>Complaint (Unamended and Unconsolidated)</b></font></TD></TR> <TR><TD align='left' colspan=2 bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;PLAINTIFF FIRMS NAMED IN COMPLAINT:</font></TD></TR> <TR><TD align='left' colspan=2><font FACE=Garmond,Helvetica,Times size=2 color=#330066><LI> <A HREF='http://www.a-g-s.com'>Abbey Gardy, LLP</A><BR>&nbsp;&nbsp;212 East 39th Street, New York, NY, 10016<BR> &nbsp;&nbsp; (voice) 212.889.3700, (fax) , info@abbeygardy.com <LI> <A HREF='http://www.bergermontague.com/'>Berger & Montague PC</A><BR>&nbsp;&nbsp;1622 Locust Street, Philadelphia, PA, 19103<BR> &nbsp;&nbsp; (voice) 800.424.6690, (fax) 215.875.4604, investorprotect@bm.net <LI> <A HREF='http://www.bermanesq.com'>Berman DeValerio Pease Tabacco Burt & Pucillo (MA)</A><BR>&nbsp;&nbsp;One Liberty Square, Boston, MA, 2109<BR> &nbsp;&nbsp; (voice) 617.542.8300, (fax) 617.230.0903, info@bermanesq.com <LI> <A HREF='http://www.cmht.com'>Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)</A><BR>&nbsp;&nbsp;701 Fifth Avenue, Suite 6860, Seattle, WA, 98014<BR> &nbsp;&nbsp; (voice) 206.521.0080, (fax) 206.521.0166, lawinfo@cmht.com <LI> <A HREF='http://www.ftllaw.com/'>Finkelstein, Thompson & Loughran</A><BR>&nbsp;&nbsp;1050 30th Street, NW, Washington, DC, 20007<BR> &nbsp;&nbsp; (voice) 202.337.8000, (fax) 202.337.8090, contact@ftllaw.com <LI> <A HREF='http://www.kellerrohrback.com'>Keller Rohrback LLP</A><BR>&nbsp;&nbsp;1201 Third Avenue, Suite 3200, Seattle, WA, 98101-3052 Av<BR> &nbsp;&nbsp; (voice) 800.776.6044, (fax) 206.623.3384, investor@kellerrohrback.com <LI> <A HREF='http://www.locklaw.com/'>Lockridge, Grindal, Nauen P.L.L.P.</A><BR>&nbsp;&nbsp;Suite 301, 660 Pennsylvania Avenue Southeast, Washington, DC, 20003-4335<BR> &nbsp;&nbsp; (voice) 202.544.9840, (fax) 202.544.9850, <LI> <A HREF=''>Mark McNair </A><BR>&nbsp;&nbsp;1919 Pennsylvania Avenue, NW, Suite 800, Washington, DC, 20006<BR> &nbsp;&nbsp; (voice) 703.273.3070, (fax) , wmmcnair@justice4investors.com <LI> <A HREF='http://www.milberg.com'>Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)</A><BR>&nbsp;&nbsp;One Pennsylvania Plaza, New York, NY, 10119-1065<BR> &nbsp;&nbsp; (voice) 212.594.5300, (fax) , <LI> <A HREF=''>Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C.</A><BR>&nbsp;&nbsp;200 N LaSalle St Ste 2100, Chicago, IL, 60601<BR> &nbsp;&nbsp; (voice) 312.346.3100, (fax) , <LI> <A HREF='http://www.sbclasslaw.com'>Schiffrin & Barroway LLP</A><BR>&nbsp;&nbsp;3 Bala Plaza E, Bala Cynwyd, PA, 19004<BR> &nbsp;&nbsp; (voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com <LI> <A HREF='http://www.scott-scott.com/'>Scott & Scott LLC</A><BR>&nbsp;&nbsp;P.O. Box 192, 108 Norwich Avenue, Colchester, CT, 06415<BR> &nbsp;&nbsp; (voice) 860.537.5537, (fax) 860.537.4432, scottlaw@scott-scott.com <LI> <A HREF='http://www.shulaw.com/'>Shapiro Haber & Urmy LLP</A><BR>&nbsp;&nbsp;75 State Street, Boston, MA, 02109<BR> &nbsp;&nbsp; (voice) 617.439.3939, (fax) 617.439.0134, info@shulaw.com <LI> <A HREF='http//www.ssbny.com'>Stull, Stull & Brody (New York)</A><BR>&nbsp;&nbsp;6 East 45th Street, New York, NY, 10017<BR> &nbsp;&nbsp; (voice) 310.209.2468, (fax) 310.209.2087, SSBNY@aol.com <LI> <A HREF='http://www.whesq.com'>Wechsler Harwood LLP</A><BR>&nbsp;&nbsp;488 Madison Avenue 8th Floor, New York, NY, 10022<BR> &nbsp;&nbsp; (voice) 212.935.7400, (fax) , info@whhf.com <LI> <A HREF=''>Zwerling, Schachter, Zwerling & Koppell LLP</A><BR>&nbsp;&nbsp;767 Third Avenue , New York, NY, 10017<BR> &nbsp;&nbsp; (voice) , (fax) , <BR> <font face='Garmond,Helvetica,Times' size=1 color='#330066'> _____________________________________________ </font><BR> &nbsp;TOTAL NUMBER OF PLAINTIFF FIRMS:&nbsp; <b>16</b></font></TD></tr> </table></div> </TD></TR> </TABLE> <BR> <TABLE CELLPADDING=0 CELLSPACING=0 BORDER=1 width=100%> <TR><TD COLSPAN=4 bgcolor=#330066><font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF> &nbsp;DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT</font></TD></TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/20010129_f01c_Ingoglia.pdf'>Class Action Complaint For Violations Of Federal Securities Laws</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Complaint</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;01/29/2002</font> </TD> </TR></TABLE><TABLE BORDER=0 width=100%> <TR><TD COLSPAN = 4> <font FACE=Garmond,Helvetica,Times size=2 color=#330066><b> <HR>REFERENCE COMPLAINT</b></font></TD></TR> <TR><TD colspan=4 align='left' bgcolor='#330066'> <font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF> <b>In Re: Williams Securities Litigation</b></font></TD></TR> <TR><TD align='left' colspan='4'><div align='left'> <table width='100%' CELLPADDING='0' CELLSPACING='0' BORDER='1'> <TR><TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;COURT:&nbsp;<b>N.D. Oklahoma</b></font></TD> <TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;DOCKET NUMBER:&nbsp;<b>02-CV-00072</b></font></TD></TR> <TR><TD align='left' colspan=2 bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;JUDGE NAME:&nbsp;<b>Hon. Sven Erik Holmes</b></font></TD></TR> <TR><TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;DATE FILED:&nbsp<b>10/7/2002</b></font></TD> <TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;SOURCE:&nbsp;<b>Business Wires</b></font></TD></TR> <TR><TD align='left' bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;CLASS PERIOD START:&nbsp;<b>7/24/2000</b></font></TD> <TD align='left' bgcolor='#DDDDDD'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;CLASS PERIOD END:&nbsp;<b>7/22/2002</b></font></TD></TR> <TR><TD align='left' colspan=2><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;TYPE OF COMPLAINT:&nbsp;<b>Consolidated and/or Amended</b></font></TD></TR> <TR><TD align='left' colspan=2 bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;PLAINTIFF FIRMS NAMED IN COMPLAINT:</font></TD></TR> <TR><TD align='left' colspan=2><font FACE=Garmond,Helvetica,Times size=2 color=#330066><LI> <A HREF='http://www.bergermontague.com/'>Berger & Montague PC</A><BR>&nbsp;&nbsp;1622 Locust Street, Philadelphia, PA, 19103<BR> &nbsp;&nbsp; (voice) 800.424.6690, (fax) 215.875.4604, investorprotect@bm.net <LI> <A HREF='http://www.milbergweiss.com '>Milberg Weiss Bershad & Schulman LLP (New York)</A><BR>&nbsp;&nbsp;One Pennsylvania Plaza, 49th Floor, New York, NY, 10119<BR> &nbsp;&nbsp; (voice) 212.594.5300, (fax) 212.868.1229, info@milbergweiss.com <LI> <A HREF='http://www.milberg.com'>Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)</A><BR>&nbsp;&nbsp;One Pennsylvania Plaza, New York, NY, 10119-1065<BR> &nbsp;&nbsp; (voice) 212.594.5300, (fax) , <BR> <font face='Garmond,Helvetica,Times' size=1 color='#330066'> _____________________________________________ </font><BR> &nbsp;TOTAL NUMBER OF PLAINTIFF FIRMS:&nbsp; <b>1</b></font></TD></TR> </table></div> </TABLE><BR> <TABLE CELLPADDING=0 CELLSPACING=0 BORDER=1 width=100%> <TR><TD COLSPAN=4 bgcolor=#330066><font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF> &nbsp;DOCUMENTS FOR THE REFERENCE COMPLAINT</font></TD></TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2002327_r01c_0200072.pdf'>Consolidated Amended Class Action Complaint For Securities Fraud On Behalf of Purchasers of Williams Communications Group, Inc. Securities</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Complaint</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;09/27/2002</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2002107_r01c_0200072.pdf'>Consolidated Amended Complaint</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Complaint</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;10/07/2002</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2006818_r01n_0200072.pdf'>Notice of Pendency of Class Action</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Notice</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;08/18/2006</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2006105_r01n_0272.pdf'>Notice Of (1) Proposed Settlement Of Securities Class Action, (2) Certification Of A Settlement Class, (3) Settlement Hearing, (4) Application For Attorneys Fees And Expenses, And (5) Proposed Plan Of Allocation </A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Notice</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;10/05/2006</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2006105_r01o_0272.pdf'>Order Preliminarily Approving Settlement, Certifying Settlement Class And Providing For Notice</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Order</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;10/05/2006</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2006105_r03x_0272.pdf'>Proof of Claim and Release</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Other</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;10/05/2006</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2007212_r02x_0272.pdf'>Judgment</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Other</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;02/12/2007</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2007212_r03o_0272.pdf'>Order Approving Plan Of Allocation Of Settlement Proceeds</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Order</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;02/12/2007</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2007212_r01o_0272.pdf'>Order Awarding Aggregate Attorneys' Fees And Reimbursement Of Litigation Expenses</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Order</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;02/12/2007</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/200765_r01x_0272.pdf'>Agreement Concerning Allocation Of Attorneys' Fees And Litigation Expenses</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Other</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;06/05/2007</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/200776_r01x_0272.pdf'>Judgment</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Other</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;07/06/2007</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/200776_r02o_0272.pdf'>Memorandum Opinion and Order</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Order</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;07/06/2007</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/WMB02/2008623_r01k_0200072.pdf'>US District Court Civil Docket</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Docket</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;6/23/2008</font> </TD> </TR></TABLE><BR> <TABLE CELLPADDING=0 CELLSPACING=0 BORDER=1 width=100%><TR><TD COLSPAN=4 bgcolor=#330066><font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF> &nbsp;OTHER DOCUMENTS</font></TD></TR><TR><TD COLSPAN=4 bgcolor=#DDDDDD> <font FACE=Garmond,Helvetica,Times size=2 color=#330066><b> <A HREF='//'></A></b></font></TD></TR> <TR><TD COLSPAN=4 align='left'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> Case Name and/or Number:&nbsp;</font> </TD></TR> <TR> <TD COLSPAN=2 align='left'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> Type:&nbsp;</font></TD> <TD COLSPAN=2 align='left'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> Date on the document:&nbsp;</font></TD> </TR></TABLE> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> <HR><b>WARNING AND DISCLAIMER OF LIABILITY:</b><br> The information included on this Web site, whether provided by 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