2009-12-28 21:28:42 -

Kendall Law Group, led by a former federal judge, today announced that a lawsuit has been filed against Terex Corporation (NYSE: TEX) for possible securities violations related to public statements made between February 20, 2008 and September 4, 2008.

The complaint, filed in the District of Connecticut, charges Terex and certain of its officers and directors with violations of the federal securities laws concerning statements made regarding the Company’s business, operations and prospects during this period. The complaint alleges that the Company failed to properly and timely account for impaired assets in its “Construction” and “Roadbuilding, Utility Products and Other” segments. Also, the demand for products in Terex’s Construction, Materials Processing and Aerial Work Platforms segments was declining. Based on this,

the Board of Directors had no reasonable basis for causing the Company to issue positive statements.

On September 4, 2008, Terex announced that it would be updating its 2008 full year guidance and providing quarterly guidance due to changing market conditions. On this announcement, TEX shares dropped 20%, closing at $38.02 on September 4, 2008.

Any shareholder, who purchased Terex stock during the above time period, may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by February 19, 2009. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not, affected by the decision to serve as a lead plaintiff. Any member of the class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Led by a former federal judge and former U.S. Attorney, Kendall Law Group has the credentials to pursue any type of complex securities litigation in the nation. If you wish to learn more about your rights as a shareholder, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com : mailto:hlindley@kendalllawgroup.com .



Kendall Law Group LLPHamilton Lindley, 214-744-3000214-744-3015
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