Legal Opinion
In Re Global Crossing, Ltd. Securities Litigation
District Court, S.D. New York
Decided March 23, 2004No. 02 Civ. 910GELPublishedCited by 117 opinions
1Opinion of the Court
OPINION AND ORDER
LYNCH, District Judge.
This consolidated class action arises from alleged accounting improprieties at the telecommunications firm Global Crossing, Ltd. (“GC”), during the period between February 1, 1999, and January 28, 2002, the “class period,” that artificially inflated the company’s stock price. According to the Consolidated Class Action Complaint, “[djuring the Class Period, insiders sold over $1.5 billion in artificially inflated Global Crossing stock while in possession of material, non-public information and the outside advisor defendants reaped hundreds of millions of…
2Cases cited47 opinions
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
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3Cited by117 opinions
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- Regents of the University of California v. Credit Suisse First Boston (USA), Inc.Court of Appeals for the Fifth Circuit · 2007
- In Re Parmalat Securities LitigationDistrict Court, S.D. New York · 2005
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