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STEVENSON, Md.--([ BUSINESS WIRE ])--Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who sold shares of AOL Inc. (aAOLa or the aCompanya) (NYSE: AOL) common stock during the period between August 11, 2011 and April 9, 2012, inclusive (the aClass Perioda).

If you sold AOL common stock during the class period and would like to obtain additional information about this lawsuit and your ability to become a lead plaintiff, you may contact Brower Piven at [ www.browerpiven.com ], by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than July 2, 2012 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Companyas failure to disclose during the Class Period the true extent of the Companyas liquidity and future prospects, including that ithad committed to a plan to sell its valuable Patent Portfolio and had initiated an active program to market its Patent Portfolio, and that defendants purchased over $170 million worth of AOL shares while knowing of the Company's undisclosed plan to monetize its valuable Patent Portfolio. After, on April 9, 2012, the value of and plan to sell the Companyas Patent Portfolio became known, the value of the Company's shares rose substantially, thereby depriving shareholders who had sold without timely disclosure of this information of fair value for their shares.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.