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Legal Opinion

In Re WorldCom, Inc. Securities Litigation

District Court, S.D. New York

Decided September 21, 2005No. 02 Civ.3416, 02 Civ.3419, 02 Civ.3508, 02 Civ.3537, 02 Civ.3647, 02 Civ.2750, 02 Civ.3771, 02 Civ.4719, 02 Civ.4945, 02 Civ.4946, 02 Civ.4958, 02 Civ.4973, 02 Civ.4990, 02 Civ.5057, 02 Civ.5071, 02 Civ.5087, 02 Civ.5108, 02 Civ.5224, 02 Civ.5285, 02 Civ.8226, 02 Civ.8227, 02 Civ.8228, 02 Civ.8229, 02 Civ.8230, 02 Civ.8234, 02 Civ.9513, 02 Civ.9514, 02 Civ.9515, 02 Civ.9516, 02 Civ.9519, 02 Civ.9521, 03 Civ.2841, 03 Civ.3592, 03 Civ.6229PublishedCited by 53 opinions

1Opinion of the Court

OPINION & ORDER

COTE, District Judge.

This Document Relates to: ALL ACTIONS

This Opinion considers the fairness of settlements reached this year in the securities class action litigation arising from the collapse of telecommunications giant WorldCom, Inc. (“WorldCom”). These settlements include the series of settlements between the Lead Plaintiff and the seventeen Underwriter Defendants; 1 and those between the Lead Plaintiff and the twelve Director Defendants, 2 WorldCom’s former auditor Arthur Andersen LLP (“Andersen”), former WorldCom CEO Bernard J. Ebbers (“Ebbers”), former WorldCom CFO…

2Cases cited33 opinions

  1. Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
  2. City of Detroit v. Grinnell Corporation, Manhattan-Ward, Incorporated v. Grinnell Corporation, 1225 Vine Street Building, Inc. v. Grinnell CorporationCourt of Appeals for the Second Circuit · 1974
  3. Goldberger v. Integrated Resources, Inc.Court of Appeals for the Second Circuit · 2000
  4. Wal-Mart Stores, Inc. v. Visa U.S.A. Inc.Court of Appeals for the Second Circuit · 2005
  5. In Re: Cendant Corporation LitigationCourt of Appeals for the Third Circuit · 1992

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3Cited by53 opinions

  1. In Re Diet DrugsCourt of Appeals for the Third Circuit · 2009
  2. Union Asset Management Holding A.G. v. Dell, Inc.Court of Appeals for the Fifth Circuit · 2012
  3. In Re Enron Corp. SecuritiesDistrict Court, S.D. Texas · 2008
  4. In Re Countrywide Financial Corporation Securities LitigationDistrict Court, C.D. California · 2008
  5. McBean v. City of New YorkDistrict Court, S.D. New York · 2006

48 more not listed; retrieve them via the Exa API.

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