Labaton Sucharow LLP is the Court-appointed Lead Counsel for Lead Plaintiff Steamship Trade Association-International Longshoremen's Association Pension Fund in In re American Tower Corporation Securities Litigation, No. 06-CV-10933 (MLW) (D. Mass.). In this securities class action, Plaintiffs alleged that certain of American Tower Corporation's current and former officers and directors improperly backdated the Company's stock option grants and made materially false and misleading statements to the public concerning the Company's financial results and option grant policies and accounting, causing damages to investors. The Class generally includes all persons who purchased or acquired American Tower common stock between April 1, 2002 and May 22, 2006.

In December 2007, the parties reached an agreement-in-principle to settle this action for $14 million in cash. On February 28, 2008, the Court granted preliminary approval to the Settlement and certified the Class for settlement purposes. On June 11, 2008, the Court granted final approval to the Settlement and Plan of Allocation.