In re WORLDCOM, INC. SECURITIES LITIGATION
State of Alaska Dept. of Revenue and Alaska State Pension Investment Board, Plaintiffs,
v.
Bernard J. Ebbers, John W. Sidgmore, Scott D. Sullivan, Clifford Alexander, Jr., James C. Allen, Judith Areen, Carl H. Aycock, Max E. Bobbitt, Francesco Galesi, Stiles A. Kellett Jr., Gordon S. Macklin, John A. Porter, Bert C. Roberts Jr., Lawrence C. Tucker, Juan Villalonga, Citigroup, Inc., Salomon Smith Barney Inc., J.P. Morgan Securities Inc., J.P. Morgan Chase & Co., Bank of America Corp., Banc of America Securities LLC, ABN Amro Inc., Deutsche Bank AG, Deutsche Bank Alex. Brown Inc., Lehman Brothers Holdings Inc., Lehman Brothers Inc., Credit Suisse Group, Credit Suisse First Boston Corp., Goldman Sachs Group Inc., Goldman Sachs & Co., UBS Warburg LLC, Nationsbanc Montgomery Securities LLC, Utendahl Capital Partners L.P., Blaylock & Partners L.P., Tokyo-Mitsubishi International PLC, Westdeutsche Landesbank Girozentrale, BNP Paribas Securities Corp., Caboto Holding Sim S.p.A., Caboto-Gruppo Intesabei, Robertson Stephens International Limited, Mizuho International PLC, Fleet Securities Inc. and Arthur Andersen LLP, Defendants.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
November 21, 2003.
November 21, 2003.
Attorney(s) appearing for the Case
Max W. Berger, John P. Coffey, Steven B. Singer, Beata Gocyk-Farber, John C. Browne, Jennifer L. Edlind, Bernstein Litowitz Berger & Grossman LLP, New York, NY, Leonard Barrack, Gerald J. Rodos, Jeffrey W. Golan, Mark R. Rosen, Jeffrey A. Barrack, Pearlette V. Toussant, Barrack Rodos Bacine, Philadelphia, PA, for Lead Plaintiff in the Securities Litigation.
William S. Lerach, Darren J. Robbins, Spencer Burkholz, Michael J. Dowd, Randall Baron, Thomas E. Egler, Milberg Weiss Bershad Hynes & Lerach LLP, San Diego, CA, Melvyn I. Weiss, Steven G. Schulman, Sol Schreiber, Milberg Weiss Bershad Hynes & Lerach LLP, New York, NY, Patrick J. Coughlin, Milberg Weiss Bershad Hynes & Lerach LLP, San Francisco, CA, Gregg D. Renkes, Attorney General, Michael A. Barnhill, Assistant Attorney General, Juneau, AK, for Plaintiffs State of Alaska Dept. of Revenue and Alaska State Pension Investment Board.
Neil L. Selinger, David C. Harrison, Todd S. Garber, Lowey Dannenberg Bemporad & Selinger P.C., White Plains, NY, Liaison Counsel for Individual Action Plaintiffs as amici curiae.
David Wertheimer, Lyndon Tretter, Hogan & Hartson, New York, NY, for Defendant Bernard J. Ebbers.
R. David Kaufman, M. Patrick McDowell, Brunini Grantham Grower & Hewes PLLC, Jackson, MS, for Defendant Bernard J. Ebbers, of counsel.
Paul Curnin, David Elbaum, Simpson Thacher & Bartlett LLP, New York, NY, for Director Defendants.
Jay B. Kasner, Susan L. Saltzstein, Steven J. Kolleeny, Skadden Arps Slate Meagher & Flom LLP, New York, NY, for Underwriter Defendants.
Martin London, Richard A. Rosen, Brad S. Karp, Eric S. Goldstein, Walter Rieman, Marc Falcone, Joyce S. Huang, Paul Weiss Rifkind Wharton & Garrison LLP, New York, NY, Robert McCaw, Peter K. Vigeland, Wilmer Cutler & Pickering, New York, NY, for Defendants Citigroup Global Markets, Inc. f/k/a Salomon Smith Barney, Inc., Citigroup Inc., and Jack Grubman.
United States District Court, S.D. New York.
OPINION & ORDER
COTE, District Judge.
On June 25, 2002, WorldCom, Inc. ("WorldCom") declared that it would undertake a massive restatement of its financial statements. Shortly thereafter, it filed the largest bankruptcy in United States history.
Even before WorldCom's June 25 announcement, the first class action alleging WorldCom claims was filed in the Southern District of New York on April 30, 2002 and assigned to this Court. Subsequent...
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