Legal Opinion
In Re MCI Worldcom, Inc. Securities Litigation
District Court, E.D. New York
Decided April 13, 2000No. 1:99-cv-03136PublishedCited by 11 opinions
1Opinion of the Court
CORRECTED MEMORANDUM AND ORDER
GLASSER, District Judge.
This is an action against MCI World-corn, Inc. (“MCI”) brought by plaintiffs on their own behalf and on .behalf of a class consisting of all persons who sold securities of SkyTel Communications, Inc. (“Sky-Tel”) on the open market during the period of May 25, 1999 through May 28, 1999. Plaintiffs assert securities fraud claims against MCI pursuant to Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 788(b), and SEC Rule 10b-5, 17 C.F.R. § 240.10b-5. Plaintiffs contend that misleading statements by MCI artificially deflated…
2Cases cited24 opinions
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
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3Cited by11 opinions
- Kalnit v. EichlerCourt of Appeals for the Second Circuit · 2001
- Kalnit v. EichlerCourt of Appeals for the Second Circuit · 2001
- CompuDyne Corp. v. ShaneDistrict Court, S.D. New York · 2006
- Gabriel Capital, L.P. v. Natwest Finance, Inc.District Court, S.D. New York · 2000
- Vladimir v. Bioenvision Inc.District Court, S.D. New York · 2009
6 more not listed; retrieve them via the Exa API.