SOURCE: Sarraf Gentile LLP

September 03, 2005 04:01 ET

Sarraf Gentile LLP Provides Update Concerning Securities Class Action Lawsuits Filed Against Arbinet-thexchange, Inc.

NEW YORK, NY -- (MARKET WIRE) -- September 3, 2005 -- Sarraf Gentile LLP today announces that additional securities class action lawsuits have been filed in the United States District Court for the District of New Jersey against Arbinet-thexchange Inc. (NASDAQ: ARBX) on behalf of purchasers of the company's common stock issued in its initial public offering. These lawsuits are in addition to litigation currently pending in the Superior Court of New Jersey. The lawsuits name as defendants the company and certain of its underwriters and directors. The lawsuits allege, among other things, that the company made material misstatements or omissions in its registration statement for its initial public offering, filed with the Securities and Exchange Commission on December 16, 2004.

If you acquired shares of Arbinet-thexchange Inc. and would like to discuss your legal rights, you are encouraged to contact Sarraf Gentile LLP, which has extensive experience in the prosecution of class actions on behalf of investors. For more information about the firm, please visit their website at: www.sarrafgentile.com

For additional information about the lawsuit, please contact Joseph Gentile, at Sarraf Gentile LLP, 485 Seventh Avenue, Suite 1005, New York, New York 10018 (telephone: (212) 868-3610; e-mail: joseph@sarrafgentile.com).

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