This is a class action for all persons who purchased or otherwise acquired the Common Stock or 6% Convertible Senior Notes of Covad Communications Group during the period April 19. 2000 through May 24, 2001.

Update

This case has settled. This case has been settled. The Claims Administrator for this litigation is Gilardi & Co. LLC. The deadline for submitting a proof of claim was February 3, 2003. If you would to download the Notice of Pendency and Settlement of Class Action and Settlement Hearing or would like further information about the settlement, please go to www.gilardi.com or call (800) 447-7657.

If you have any further questions, please feel free to contact us.