February 1, 2002 -- Notice is hereby given that a class action lawsuit was filed on January 18, 2002, in the United States District Court for the Northern District of Iowa, on behalf of investors who purchased McLeodUSA, Inc. ("McLeodUSA") (NASDAQ:MCLD) securities or received McLeodUSA securities when the company acquired Intelispan. The law firm of Stull, Stull & Brody announced the lawsuit.

The complaint charges the defendants McLeodUSA and certain of its officers and directors with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. The complaint alleges that defendants issued a series of materially false and misleading statements which artificially inflated the stock

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