• Wechsler Harwood Halebian & Feffer LLP Announces Class Action Lawsuit Against Storage USA, Inc.

    November 9, 2001

    A class action lawsuit against Storage USA, Inc. ("SUS"), and certain officers and directors of SUS, was commenced in Chancery Court of Shelby County, Tennessee on behalf of investors who are or will be threatened with injury arising out of a plan whereby Security Capital Group, Inc. ("Security Capital") will pay $42.00 for each publicly-held share of SUS to take SUS private.

    The Complaint specifically alleges that the proposed transaction is unfair to existing public stockholders in light of the strong financial results recently reported by SUS. The Individual Directors of SUS are and will continue to be in breach of their fiduciary duties owed to the SUS public shareholders.

    Plaintiff is represented in this action by Wechsler Harwood Halebian & Feffer LLP ("Wechsler Harwood"), a firm that has significant experience in prosecuting shareholder actions on behalf of shareholders. Wechsler Harwood has been appointed by numerous courts to serve as lead counsel in class action shareholder litigation and in that capacity has recovered millions of dollars on behalf of investors.

    If you wish to serve as a class representative or if you wish to discuss this action, have any questions concerning this notice or your rights with respect to this matter, please contact:

      Patricia Guiteau
      1-877-935-7400
      PGuiteau@whhf.com
    

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    SOURCE: Wechsler Harwood Halebian & Feffer LLP

    Contact: Patricia Guiteau, 1-877-935-7400, PGuiteau@whhf.com, for
    Wechsler Harwood Halebian & Feffer LLP

    Website: http://www.whhf.com/

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