Wolf Haldenstein Adler Freeman & Herz LLP has filed a class action lawsuit in the United States District Court, Northen District of Texas, on behalf of all persons who held the common stock of TXU Corp. (�TXU� or the �Company�) (NYSE:TXU) at the close of business on July 19, 2007, against defendants TXU and certain of its officers and directors, alleging violations under Section 14(a) of the Securities Exchange Act of 1934, 15 U.S.C. Section 78n(a), and the rules and regulations of the Securities and Exchange Commission (�SEC�) promulgated thereunder, in connection with the solicitation of proxies in favor of a proposed management-led $45 billion leveraged buy-out (the �LBO�) of TXU to take it private at $69.25 cash per share to be accomplished by means of a proposed merger (the �Merger�). The action was filed in connection with a proposed settlement of the claims asserted herein and in related litigation pending in Texas state and federal courts. The complaint alleges that the LBO and the Merger were negotiated and approved by the Board of Directors of TXU by means of a biased and flawed bidding process that did not represent the intrinsic value of the Company or its value going-forward premised on its ability to generate strong earnings and expand to meet growing energy demand in the southwest. The complaint further alleges that shareholder proxies in favor of the LBO and the Merger are being sought pursuant to a materially false and misleading proxy statement filed with the SEC on or about June 14, 2007. As alleged in detail in the complaint, the proxy statement is materially false and misleading in violation of Section 14(a) of the Exchange Act, 15 U.S.C. � 78n(a), and Rule 14a-9 promulgated by the SEC thereunder, in that, among other things, the proxy statement does not truthfully or adequately describe among other things (a) material background information regarding the transaction, (b) the Director Defendants� consideration of the transaction, (c) their efforts, if any, to obtain an alternate transaction or alternative strategic opportunity on terms more favorable to plaintiff and the Company�s other public shareholders, (d) the financial analysis supporting the fairness of the transaction to TXU�s public shareholders, and (e) the Director Defendants� consideration of or response to certain derivative litigation currently pending against them in the District Court of Dallas County, Texas, captioned In re TXU Corp. Derivative Litigation, No. 07-01779 (44th Judicial District). If the LBO and the Merger are approved, the TXU public shareholders� valuable interest in the Company will be acquired by private equity investors Texas Pacific Group and Kohlberg Kravis Roberts & Co. for inadequate consideration following a flawed process and their right to participate in TXU�s profitable business will cease. The case name is styled Schipper v. TXU Corp., et al. A copy of the complaint filed in this action is available from the Court, or can be viewed on the Wolf Haldenstein Adler Freeman & Herz LLP website at www.whafh.com. If you currently hold TXU common stock during the Class Period, you may request that the Court appoint you as lead plaintiff by October 8, 2007. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member�s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as �lead plaintiff.� Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action. Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 70 attorneys in various practice areas; and offices in Chicago, New York City, San Diego, Washington, D.C., and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. If you wish to discuss this action or have any questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York 10016, by telephone at (800) 575-0735 (Mark C. Rifkin, Esq., Gregory M. Nespole, Esq., or Derek Behnke), via e-mail at classmember@whafh.com or visit our website at www.whafh.com. All e-mail correspondence should make reference to TXU.
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