MINNEAPOLIS -- ADC (Nasdaq:ADCT; www.adc.com) today announced it has been served with a lawsuit alleging violations of the securities laws brought by an individual shareowner who seeks to represent a class of purchasers of ADC stock. The lawsuit was filed in U.S. District Court, District of Minnesota, and names ADC, a current officer, and a former officer and director. The suit is based primarily on allegations regarding forward-looking statements made by ADC during a four-month period that began more than two years ago. The claims relate to the time period during which a significant downturn began to occur in capital spending by the telecom industry. ADC denies the allegations in the lawsuit and will vigorously defend this matter. "This lawsuit is based in large part on the unsupportable proposition that ADC should have predicted the dramatic downturn in capital spending in the telecom industry," said Rick Roscitt, chairman and CEO of ADC. "We believe that all claims have absolutely no merit. We intend to remain focused on the more important challenge of returning the company to profitability." ADC Telecommunications Inc.