In re eSpeed, Inc. Securities Litigation
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
SCHEINDLIN, District Judge.
I. INTRODUCTION
Two movants seek to be named lead plaintiff in a class action litigation involving alleged securities fraud by eSpeed, Inc. (“eS-peed”). Movants are (1) the “Adib Group,” composed of Shabbir Adib, his family and Mike Weber; and (2) The Greater Pennsylvania Carpenters Pension Fund (the “Pension Fund”). Pursuant to the Private Securities Litigation Reform Act (“PSLRA”), the Adib Group is hereby appointed as the presumptive lead plaintiff.1
II. BACKGROUND
Plaintiffs are investors who purchased eS-peed stock during the class period, from…
2Cases cited18 opinions
- In Re: Cendant Corporation LitigationCourt of Appeals for the Third Circuit · 1992
- Berger v. Compaq Computer Corp.Court of Appeals for the Fifth Circuit · 2001
- In Re Olsten Corp. Securities Litig.District Court, E.D. New York · 1998
- In re Oxford Health Plans Inc., Securities LitigationDistrict Court, S.D. New York · 1998
- Pirelli Armstrong Tire Corp. v. LaBranche & Co.District Court, S.D. New York · 2004
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3Cited by94 opinions
- Kaplan v. GelfondDistrict Court, S.D. New York · 2007
- Varghese v. China Shenghuo Pharmaceutical Holdings, Inc.District Court, S.D. New York · 2008
- Foley v. Transocean Ltd.District Court, S.D. New York · 2011
- In Re eSpeed, Inc. Securities LitigationDistrict Court, S.D. New York · 2006
- Sallustro v. CannaVest Corp.District Court, S.D. New York · 2015
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