Holmes v. Grubman
Court of Appeals for the Second Circuit
1Opinion of the Court
JOSÉ A. CABRANES, Circuit Judge:
This case, which was filed in U.S. District Court for the Middle District of Georgia but consolidated with the WorldCom Securities Litigation in the U.S. District Court for the Southern District of New York (Denise Cote, Judge), presents several issues, four of which encompass questions of Georgia law. Plaintiffs-appellants, William K. Holmes and four entities under his control (collectively, “Holmes” or “plaintiffs”), once held a substantial number of shares in WorldCom, the now-defunct telecommunications giant, and allegedly refrained from selling those…
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