Legal Opinion
In Re WorldCom, Inc. Securities Litigation
District Court, S.D. New York
Decided January 18, 2005No. 02 Civ. 3288(DLC)PublishedCited by 34 opinions
1Opinion of the Court
OPINION AND ORDER
COTE, District Judge.
On March 24, 2000, Arthur Andersen LLP (“Andersen”) certified that the financial statements of WorldCom, Inc. (“WorldCom”) “present fairly, in all material respects, the financial position of WorldCom, Inc. and subsidiaries as of December 31, 1999.” It made parallel certifications on March 30, 2001, and March 7, 2002, for the WorldCom financial statements for fiscal years 2000 and 2001. Because of these certifications, Andersen faces claims in this securities class action under both the Securities Act of 1933 (“Securities Act”), which has a strict…
2Cases cited42 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
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Gustafson v. Alloyd Co.Supreme Court of the United States · 1995
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3Cited by34 opinions
- In Re Marsh & McLennan Companies, Inc. Securities LitigationDistrict Court, S.D. New York · 2006
- In Re Take-Two Interactive Securities LitigationDistrict Court, S.D. New York · 2008
- United States v. Philip Morris USA, Inc.District Court, District of Columbia · 2006
- In Re Lehman Bros. Securities and Erisa LitigationDistrict Court, S.D. New York · 2011
- American International Group, Consol. Deriv. Lit.Court of Chancery of Delaware · 2009
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