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Settlement Hearing on Schering-Plough Corporation Securities Litigation to be Held on June 1, 2009 at 2:00 P.M.
Date:3/13/2009

PHILADELPHIA, March 13 /PRNewswire/ -- Lead Counsel for Plaintiffs in the Schering-Plough Corporation Securities Litigation class action suit announced the following:

    UNITED STATES DISTRICT COURT
    DISTRICT OF NEW JERSEY

    IN RE: SCHERING-PLOUGH CORPORATION SECURITIES LITIGATION
    MASTER FILE NO. 01-CV-0829 (KSH/MF)

ATTENTION PURCHASERS OF SCHERING-PLOUGH CORPORATION SECURITIES DURING THE PERIOD FROM MAY 9, 2000 THROUGH AND INCLUDING FEBRUARY 15, 2001

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

AND SETTLEMENT HEARING

If you purchased the securities of Schering-Plough Corporation during the period from May 9, 2000 through and including February 15, 2001 (the "Class Period"), then you could receive a payment from the proposed settlement of this securities class action.

A Settlement has been proposed in a class action concerning the price of Schering-Plough securities during the Class Period. The Settlement will provide a settlement fund of one hundred and sixty-five million dollars ($165,000,000) for the benefit of investors who purchased Schering-Plough securities during the Class Period. If you qualify, you may send in a claim form to get benefits.

The United States District Court for the District of New Jersey authorized this Summary Notice. Before any money is paid to Class Members, the Court will hold a hearing to decide whether to approve the Settlement.

Who is Included?

You are a Class Member if you purchased securities of Schering-Plough during the period from May 9, 2000 through and including February 15, 2001. If you still are unsure whether you are included you can seek assistance by calling 1-877-451-2127 toll free or visiting www.hrsclaimsadministrati
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SOURCE Barrack, Rodos & Bacine
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