Legal Opinion
New York City Employees' Retirement System v. Ebbers (In Re WorldCom, Inc. Securities Litigation)
District Court, S.D. New York
Decided March 3, 2003No. 02 Civ. 3288(DLC), 02 Civ. 8981(DLC)PublishedCited by 184 opinions
1Opinion of the Court
OPINION AND ORDER
COTE, District Judge.
On October 29, 2002, New York City Employees’ Retirement System and other New York City pension systems filed suit in New York state court against defendants connected to the telecommunications giant WorldCom, Inc. (‘WorldCom”). The suit alleges federal securities law and state law claims but does not state claims against WorldCom, which had filed for bankruptcy several months earlier.
Defendants removed this action, and those like it, on the basis of the litigation’s relationship to WorldCom’s bankruptcy. That relationship is the focus of this Opinion.…
2Cases cited55 opinions
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- City of Chicago v. International College of SurgeonsSupreme Court of the United States · 1997
- Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
- Franchise Tax Bd. of Cal. v. Construction Laborers Vacation Trust for Southern Cal.Supreme Court of the United States · 1983
- Mallard v. United States Dist. Court for Southern Dist. of IowaSupreme Court of the United States · 1989
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3Cited by184 opinions
- SPV Osus Ltd. v. UBS AGCourt of Appeals for the Second Circuit · 2018
- Bank of America, N.A. v. Wilmington Trust FSBDistrict Court, S.D. New York · 2013
- In Re WorldCom, Inc. Securities LitigationDistrict Court, S.D. New York · 2003
- California Public Employees' Retirement System v. WorldCom, Inc.Court of Appeals for the Second Circuit · 2004
- Parmalat Capital Finance Ltd. v. Bank of America Corp.Court of Appeals for the Second Circuit · 2011
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