WLS Welsh Property Trust Common Stock

Wolf Popper LLP Files Class Action on Behalf of Shareholders of William Lyon Homes NEW YORK, April 28 /PRNewswire/ -- Wolf Popper LLP has filed a class action lawsuit on behalf of public shareholders of William Lyon Homes ("William Lyon" or the "Company") (NYSE:WLS) on April 28, 2005 in the Delaware Court of Chancery, New Castle County. The Complaint seeks to enjoin a proposed buy-out transaction in which William Lyon's Chairman and Chief Executive Officer seeks to buy out the outstanding public shares of the Company for inadequate consideration. Anyone with information concerning the buy-out transaction or who is otherwise interested in the lawsuit may call or write: Michael A. Schwartz, Esq. Wolf Popper LLP 845 Third Avenue New York, NY 10022 Tel.: 212.451.9668 Toll Free: 877.370.7703 Fax: 212.486.2093 Toll Free Fax: 877.370.7704 Email: DATASOURCE: Wolf Popper LLP CONTACT: Michael A. Schwartz, Esq. of Wolf Popper LLP, +1-212-451-9668, 1-877-370-7703, Fax: +1-212-486-2093, Toll Free Fax: 1-877-370-7704, Web site: http://www.wolfpopper.com/

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