PHILADELPHIA, June 23/PRNewswire – On behalf of investors in Herley Industries, Inc. ("Herley") (Nasdaq: HRLY - News), Berger & Montague, P.C. filed suit on Thursday. The suit is pending in the U.S. District Court for the Eastern District of Pennsylvania. The suit seeks recovery on behalf of investors who purchased the publicly traded securities of Herley during the period October 1, 2001 - June 14, 2006 (the "Class Period").

According to the Complaint, Herley and its top officers defrauded persons investing in Herley securities, violating the federal securities laws. On June 6, 2006, Herley revealed that the Company and its Chairman, Lee N. Blatt, had been indicted on multiple charges, in connection with excessive profits improperly "earned" by Herley on contracts with the U.S. Department of Defense.

On June 13, 2006, the Company announced that its operations in Lancaster, Pennsylvania, Woburn, Massachusetts, Chicago, Illinois, and a subsidiary in Farmingdale, New York had been suspended from receiving new contract awards from the United States Government. Government contracts had historically accounted for approximately 25% of Herley’s business.

In response to these disclosures, Herley stock plunged on very high volume, from $19.38 on June 2, 2006 to $9.21 on June 14, 2006.

If you purchased Herley securities during the Class Period of October 1, 2001 - June 14, 2006, you may, no later than August 14, 2006, move to be appointed as a Lead Plaintiff. A Lead Plaintiff is a representative party who acts on behalf of other class members in directing the litigation. The Private Securities Litigation Reform Act of 1995 directs Courts to assume that the class member(s) with the "largest financial interest" in the outcome of the case will best serve the class in this capacity. Courts have discretion in determining which class member(s) have the "largest financial interest," and have appointed Lead Plaintiffs with substantial losses in both absolute terms and as a percentage of their net worth. If you have sustained substantial losses in Herley securities during the Class Period, please contact Berger & Montague, P.C. at investorprotect@bm.net for a more thorough explanation of the Lead Plaintiff selection process and the litigation.

The law firm of Berger & Montague, P.C. consists of over 60 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience representing institutions and other investor plaintiffs in class action securities litigation, playing lead roles in major cases over the past 30 years that have resulted in recoveries of billions of dollars to investors. The firm has represented investors as lead counsel in such leading securities actions as Rite Aid, Sotheby’s, Waste Management, Sunbeam, Boston Chicken and IKON Office Solutions. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. For example:

"In short, it would be hard to equal the skill class counsel demonstrated here." In Re: Rite Aid Corporation Securities Litigation, MDL Docket No. 1360, Master File No. 99-1349 (E. D. Pa.) ($334 million settlement).

"Class counsel did a remarkable job in representing the class interests." In Re: IKON Office Solutions Securities Litigation, Civil Action No. 98-4286 (E. D. Pa.) (partial settlement for $111 million).

". . . [Y]ou have acted the way lawyers at their best ought to act. And I have had a lot of cases . . . In 15 years now as a judge and I cannot recall a significant case where I felt people were better represented than they are here . . . I would say this has been the best representation that I have seen." In Re: Waste Management, Inc. Securities Litigation, Civil Action No. 97-C7709 (N.D. Ill.) (settled for $220 million).

If you purchased Herley securities during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact:

Sherrie R. Savett, Esq.
Douglas M. Risen, Esq.
Kimberly A. Walker, Investor Relations Manager
Berger & Montague, P.C.
1622 Locust Street
Philadelphia, PA 19103
Phone: 888-891-2289 or 215-875-3000