Legal Opinion

In Re WorldCom, Inc. Erisa Litigation

District Court, S.D. New York

Decided June 17, 2003No. 02 Civ.4816 DLCPublishedCited by 84 opinions

1Opinion of the Court

OPINION & ORDER

COTE, District Judge.

The collapse of WorldCom, Inc. (“World-Com”) has led to a plethora of litigation. This consolidated class action seeks recovery for WorldCom employees who invested in WorldCom stock through the company’s 401(k) plan. It is premised on violations of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), 29 U.S.C. § 1001 et seq., and names as defendants certain officers, directors and employees of WorldCom, as well as Merrill Lynch Trust Company of America (“Merrill Lynch”), the trustee for the 401(k) plan, and Arthur Andersen LLP…

2Cases cited41 opinions

  1. Swierkiewicz v. Sorema N. A.Supreme Court of the United States · 2002
  2. Mallard v. United States Dist. Court for Southern Dist. of IowaSupreme Court of the United States · 1989
  3. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  4. Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
  5. Varity Corp. v. HoweSupreme Court of the United States · 1996

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3Cited by84 opinions

  1. In Re Enron Corp. Securities, Derivative & ERISADistrict Court, S.D. Texas · 2003
  2. In Re Bear Stearns Companies, Inc. Securities, Derivative, & Erisa LitigationDistrict Court, S.D. New York · 2011
  3. Kirschbaum v. Reliant Energy, Inc.Court of Appeals for the Fifth Circuit · 2008
  4. In Re Citigroup ERISA LitigationCourt of Appeals for the Second Circuit · 2011
  5. Wright v. Oregon Metallurgical Corp.Court of Appeals for the Ninth Circuit · 2004

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