SOURCE: Kahn Gauthier Swick, LLC Corporation

March 20, 2006 18:06 ET

Shareholders Sue Mills Corporation for Stock Fraud

NEW ORLEANS, LA -- (MARKET WIRE) -- March 20, 2006 --Kahn Gauthier Swick, LLC ("KGS") announces that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Virginia., on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of The Mills Corporation (NYSE: MLS), including (A) (NYSE: MLS-PE) = MILLS CORP PFD SER E (B) (NYSE: MLS-PG) = MILLS CORP DEP SHS (C) (NYSE: MLS-PC) = MILLS CP 9% PFD C, between the dates of July 29, 2004 and November 21, 2005. No class has yet been certified in this action.

Until a class is certified, you are not represented by counsel unless you retain an attorney.

The Complaint that has been filed alleges that defendants have violated federal securities laws by issuing a series of materially false statements regarding Mills' business and operations. On November 9, 2005, Mills disclosed, among other things, weakness in its internal controls. On January 6, 2006, Mills announced it will restate its financial statements for 2000 through 2004, and for the first three quarters of 2005, eliminate jobs and write off projects, which will result in approximately $77 million in charges for the fourth quarter.

If you acquired shares of The Mills Corporation during the Class Period indicated and want to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Lewis Kahn of KGS toll free 1-866-467-1400, ext., 100, or 504-648-1850, or by email at lewis.kahn@kglg.com.

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