Zwerling, Schachter & Zwerling, LLP and Kohrman Jackson & Krantz, P.L.L. Announce Settlement of Securities Class Action Against PricewaterhouseCoopers LLP On Behalf of Purchasers of Telxon Securities

NEW YORK, Oct. 27 /PRNewswire/ -- Zwerling, Schachter & Zwerling, LLP and Kohrman Jackson & Krantz, P.L.L. are pleased to announce that PricewaterhouseCoopers LLP ("PwC") has agreed to pay $27.9 million to settle all claims asserted against it by class members who purchased Telxon Corp. ("Telxon") securities during the period from June 29, 1998 through February 23, 1999.

The settlement with PwC is in addition to the prior settlement of $40 million reached with Telxon and certain individuals and previously approved by the Court on February 11, 2004.  That earlier settlement, which
covered purchasers of Telxon securities from May 21, 1996 through February 23, 1999, has now reached $40 million as a result of an additional $3 million which became payable to the class members on September 30, 2005 after Telxon settled its claims against PwC (http://biz.yahoo.http://biz.yahoo.com/prnews/050824/nyw066.html).

The Settlement with PwC now brings the total of these two class action settlements to $67.9 million, one of the top seventy-five securities class action settlements of all time.

Class counsel expects formal class notice to be issued shortly and a final settlement hearing to be held in the near future before the Honorable Kathleen O'Malley, United States District Judge for the Northern District of Ohio.

Zwerling Schachter concentrates in prosecuting class actions nationwide on behalf of investors.  The firm currently plays a leading role in numerous major securities and complex commercial litigations pending in federal and state courts and has offices in New York City, Garden City, New York, Boca Raton, Florida and Seattle, Washington.  The firm has been recognized by courts throughout the country as highly experienced and skilled in complex litigation, particularly with respect to federal securities class action litigation.

Kohrman Jackson & Krantz, P.L.L. is a Cleveland based law firm representing individuals and companies throughout the United States.  The firm concentrates in sophisticated business transactions and complex litigation with areas of practice including securities, commercial litigation, corporate and finance, tax, real estate, and technology and intellectual property.

If you wish to discuss this securities action or have any questions concerning your rights and interests with respect to this litigation, please contact Zwerling Schachter at 1-800-721-3900 or by e-mail at wgonzalez@zsz.com or Kohrman Jackson at 1-216-696-8700 or by e-mail at bk@kjk.com.