Legal Opinion

Fogarazzo v. Lehman Bros., Inc.

District Court, S.D. New York

Decided May 21, 2004No. 03 Civ. 5194(SAS)PublishedCited by 28 opinions

1Opinion of the Court

OPINION AND ORDER

SCHEINDLIN, District Judge.

I. INTRODUCTION

Plaintiffs, investors in RSL Communications, Inc., allege that Lehman Brothers, Inc., Goldman Sachs & Co., and Morgan Stanley & Co., Inc. (the “Banks”) issued false and misleading research reports pertaining to RSL. Specifically, plaintiffs allege that the reports were fraudulently optimistic due to conflicts of interest between the research and investment banking departments of the defendant Banks. The Banks, having entered into a settlement with state and federal regulators, do not contest (at this point) the existence of the…

2Cases cited37 opinions

  1. Swierkiewicz v. Sorema N. A.Supreme Court of the United States · 2002
  2. Hishon v. King & SpaldingSupreme Court of the United States · 1984
  3. Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
  4. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  5. Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994

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3Cited by28 opinions

  1. In Re eSpeed, Inc. Securities LitigationDistrict Court, S.D. New York · 2006
  2. Lapin v. Goldman Sachs & Co.District Court, S.D. New York · 2008
  3. Lapin v. Goldman Sachs Group, Inc.District Court, S.D. New York · 2006
  4. Sandip Shah v. Mary Meeker, Morgan Stanley & Co., Philip J. Purcell and Morgan Stanley, Docket No. 04-5965-CvCourt of Appeals for the Second Circuit · 2006
  5. Glidepath Holding B v. v. Spherion Corp.District Court, S.D. New York · 2007

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