Legal Opinion
In Re WorldCom, Inc. Securities Litigation
District Court, S.D. New York
Decided December 15, 2004No. 02 Civ. 3288(DLC)PublishedCited by 64 opinions
1Opinion of the Court
OPINION AND ORDER
COTE, District Judge.
TABLE OF CONTENTS
Introduction.634
Background.635
Procedural History.635
WorldCom and its Role in the Telecommunications Industry.637
Ebbers’ Dependence on WorldCom Stock .'..639
WorldCom’s Accounting Strategies.640
Andersen and the 1999 Form 10-K.643
2000 Offering.645
Late 2000 Investment Banking Transactions.649
The Underwriter Defendants’ Credit Assessment of WorldCom as of Early 2001 .649
2000 Form 10-K.652
2001 Offering..■.652
Discussion.655
I. Legal Framework.656
A. Section 11 .656
B. Section 12.659
II.Lead Plaintiffs Motion for Partial Summary Judgment. .660
III.…
2Cases cited58 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
53 more not listed; retrieve them via the Exa API.
3Cited by64 opinions
- Stichting Pensioenfonds ABP v. Wachovia Corp.District Court, S.D. New York · 2011
- In Re Marsh & McLennan Companies, Inc. Securities LitigationDistrict Court, S.D. New York · 2006
- Federal Housing Finance Agency v. Nomura Holding America, Inc.Court of Appeals for the Second Circuit · 2017
- Plumbers' Union Local No. 12 Pension Fund v. Nomura Asset Acceptance Corp.Court of Appeals for the First Circuit · 2011
- Silverstrand Investments v. Amag Pharmaceuticals, Inc.Court of Appeals for the First Circuit · 2013
59 more not listed; retrieve them via the Exa API.