Legal Opinion

In Re Initial Public Offering Securities Litigation

District Court, S.D. New York

Decided July 20, 2010No. Master File 21 MC 92(SAS)PublishedCited by 10 opinions

1Opinion of the Court

AMENDED OPINION AND ORDER

SHIRAA. SCHEINDLIN, District Judge.

I. INTRODUCTION

On October 5, 2009, this Court granted final approval of a $586 million Stipulation and Agreement of Settlement, providing closure to almost ten years of litigation involving 309 consolidated actions, fifty-five investment banks, thousands of individual defendants, and more than seven million potential class members (“October 5 Opinion and Order”). 1 Out of the seven million potential class members, less than two ten-thousandths of one percent (0.0002%) — approximately 140 class members — submitted objections to the…

2Cases cited8 opinions

  1. Residential Funding Corporation v. Degeorge Financial Corp., Degeorge Home Alliance, Inc. And Degeorge Capital CorpCourt of Appeals for the Second Circuit · 2002
  2. John A. Healey, Michael S. Press v. Chelsea Resources, Ltd., Dominick & Dominick Securities, Inc. And Dominick & Dominick, IncorporatedCourt of Appeals for the Second Circuit · 1991
  3. O'Keefe v. Mercedes-Benz USA, LLCDistrict Court, E.D. Pennsylvania · 2003
  4. In Re Initial Public Offering Securities LitigationDistrict Court, S.D. New York · 2009
  5. Azizian v. Federated Department Stores, Inc.Court of Appeals for the Ninth Circuit · 2007

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3Cited by10 opinions

  1. James Hayes v. Accretive Health, IncorporatedCourt of Appeals for the Seventh Circuit · 2014
  2. In re Facebook, Inc., Ipo Sec. & Derivative Litig.District Court, S.D. Illinois · 2018
  3. Tennille v. Western Union (Nelson)Court of Appeals for the Tenth Circuit · 2014
  4. Stillman v. Inservice America Inc.District Court, S.D. New York · 2011
  5. In re Polyurethane Foam Antitrust LitigationDistrict Court, N.D. Ohio · 2016

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