Barrack Rodos & Bacine Announces That Dismissal of Securities Class Action Suit Against Bridgestone Corporation (BRDCF BRDCF.PK and BRDCY BRDCY.PK) Reversed PHILADELPHIA, Nov. 23 /PRNewswire/ -- Barrack, Rodos & Bacine today issued the following: Barrack Rodos & Bacine ("BR&B") announces that the dismissal of the securities class action lawsuit against Bridgestone Corporation (Pink Sheets: BRDCF, BRDCY) has been reversed by the court of appeals. BR&B is co-lead counsel for the lead plaintiffs in this matter. The complaint, originally filed in 2001, alleges that Japan-based Bridgestone and certain of its officers and directors concealed from investors (as well as from the driving public and regulators) the serious problems the company had been experiencing with its ATX tires that had been installed principally on Ford Explorer SUVs. These problems were revealed when the company announced a recall of the tires on August 9, 2000. Bridgestone common stock and ADRs lost about 50% of their value in reaction to the news. Class action lawsuits were brought on behalf of investors to recover the losses they sustained as a result of the company's concealment of important information about the quality of the ATX tires and the effect of the problems with those tires on the financial health of the company. The United States District Court for the Middle District of Tennessee dismissed the lawsuits in 2002, but the United States Court of Appeals for the Sixth Circuit recently reversed that dismissal and ruled that the claims based on the statements made by the company between March 31, 2000, and August 31, 2000, should proceed. Barrack, Rodos & Bacine has extensive experience in prosecuting investor class actions involving financial fraud. BR&B has prosecuted securities, antitrust and consumer class actions for more than 25 years. The firm has offices in Philadelphia, San Diego, New York and New Jersey and has been designated lead counsel by federal and state courts across the country in large, complex cases. For more information about Barrack, Rodos & Bacine, please visit their website at http://www.barrack.com/. If you purchased Bridgestone stock or ADRs (Pink Sheets: BRDCF, BRDCY) between March 31, 2000, and August 31, 2000, and you wish to discuss this action, which will be continuing against Bridgestone, or have any questions concerning this case or your rights or interests, please contact Maxine S. Goldman, Shareholder Relations Manager, Barrack, Rodos & Bacine, 3300 Two Commerce Square, 2001 Market Street, Philadelphia, PA 19103, , 215-963-0600, fax number 215-963-0838. DATASOURCE: Barrack, Rodos & Bacine CONTACT: Maxine S. Goldman, Shareholder Relations Manager, Barrack, Rodos & Bacine, , +1-215-963-0600, or fax, +1-215-963-0838 Web site: http://www.barrack.com/

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