Press Release

INVESTOR ALERT BY KGS: Last Chance, Only Hours Left for Constellation Energy Group, Inc. Shareholders to File Lead Plaintiff Application in Securities Class Action Lawsuit -- CEG

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Posted 20 November 2008 @ 08:07 pm ET

NEW ORLEANS, LA -- (Marketwire) -- 11/20/08 -- Kahn Gauthier Swick, LLC ("KGS") remindsshareholders that November 21, 2008 is the deadline to file lead plaintiffapplications in a securities class action pending in the United StatesDistrict Court for the Southern District of New York, on behalf ofshareholders who acquired securities of Constellation Energy Group, Inc.("Constellation" or the "Company") (NYSE: CEG) between January 30, 2008 andSeptember 16, 2008 in connection with the Company's Registration Statementand Prospectus (the "Registration Statement") issued pursuant to its June27, 2008 Preferred Securities offering.

If you would like to discuss your legal rights, you may email or call KGSManaging Partner Lewis Kahn, without obligation or cost to you, toll free1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or byemail at lewis.kahn@kgscounsel.com.

Constellation and certain of its officers and directors are charged withincluding, or allowing the inclusion of, materially false and misleadingstatements in the Registration Statement issued in connection with theCompany's Preferred Securities offering, in violation of the Securities Actof 1933, and with violating the Securities Exchange Act of 1934, forissuing a series of materially false statements.

If you wish to serve as lead plaintiff in this class action lawsuit, youmust move the Court no later than November 21, 2008. Any member of theputative class may move the Court to serve as lead plaintiff throughcounsel of their choice, or may choose to do nothing and remain an absentclass member. If you would like to discuss your legal rights, you mayemail or call KGS Managing Partner Lewis Kahn, without obligation or costto you, toll free 1-866-467-1400, ext. 100, after hours via cell phone504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn moreabout KGS, you may visit www.kgscounsel.com. KGS is a law firm focused onsecurities class action litigation with offices in New Orleans and New YorkCity.

KGS' lawyers have significant experience litigating complex securitiesclass actions. Among other cases, KGS has been appointed Lead or Co-LeadCounsel in the following securities cases: In re U.S. Auto Parts Networks,Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. SecuritiesLitigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation,S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc.Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.;Pegasus Wireless Corp., S.D. Fla.; In re Xinhua Finance Media, Ltd.Securities Litigation, S.D.N.Y.; Terayon Comm. Systems Inc., N.D. Cal.;and In re BigBand Networks, Inc. Securities Litigation, N.D. Cal.

SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you mayconsider to represent your interests in the Constellation class action. ThePrivate Securities Litigation Reform Act ("PSLRA") permits Constellationshareholders to choose counsel of their choice to prosecute this action.Critical components of a law firm's ability to successfully prosecute thisaction and obtain a strong recovery for you include the resources it willdedicate to prosecution of the case, including the number of lawyers thefirm has available for the Constellation action in particular, ANDespecially the quality of the firm's work. Interested shareholders areencouraged to call for consultation and to request more information aboutKGS. While KGS has not filed suit yet, the firm is currently conductingits own investigation of Constellation and invites shareholders to evaluateits complaint when choosing counsel.

Contact:Lewis KahnKahn Gauthier Swick, LLC1-866-467-1400, ext. 100Lewis.kahn@kgscounsel.com


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