• March 25, 2002

Law Offices Of Charles J. Piven, P.A. announced on Friday that a securities class action has been commenced in the United States District Court for the Central District of California on behalf of shareholders who acquired the common stock of L90, Inc. between July 26, 2001, and March 12, 2002, against L90 and certain of its officers. The action alleges that L90 violated federal securities laws by issuing false and misleading information regarding the company's financial condition. The action alleges that L90 misrepresented its true prospects and overstated revenues and assets in violation of Generally Accepted Accounting Principles.

Also on Friday, Law Offices of Brian M. Felgoise, P.C. announced that a similar securities class action has been commenced on behalf of shareholders who acquired L90, Inc. securities between July 26, 2001 and March 12, 2002, inclusive. The case is pending in the United States District Court for the Central District of California, against the company and certain key officers and directors. The action charges that defendants violated the federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period which statements had the effect of artificially inflating the market price of the Company's securities.

Last Thursday, the law firm of Milberg Weiss Bershad Hynes & Lerach LLP filed a similar class action suit, charging L90 and several of its officers with violations of the Securities Exchange Act of 1934, alleging that as part of their effort to boost the price of their stock, the company “misrepresented their true prospects” in an “effort to conceal improper acts.”