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IN RE INITIAL PUBLIC OFFERING SECURITIES LITIGATION

No. 21 MC 92(SAS), No. 01 Civ. 3020(SAS).

358 F.Supp.2d 189 (2004)

In re INITIAL PUBLIC OFFERING SECURITIES LITIGATION In re Rediff.Com India Ltd. Securities Litigation

United States District Court, S.D. New York.

October 15, 2004.

Attorney(s) appearing for the Case

Christopher Lovell, Lovell Stewart Halebian LLP, New York, New York, for Plaintiffs.

Alan S. Goudiss, Shearman & Sterling LLP, New York, New York, for the Underwriter Defendants.

Geoffrey S. Stewart, Jones Day, New York, New York, for the Rediff Defendants.

OPINION AND ORDER

SCHEINDLIN, United States District Judge:

This is a securities class action brought on behalf of all persons, other than defendants, who purchased or otherwise acquired American Depositary Shares ("ADSs") of Rediff.Com India Ltd. ("Rediff" or the "Company") in an initial public offering ("IPO") on June 14, 2000, and/or who purchased Rediff ADSs on the open market between the time of the IPO and April 4, 2001 (the "Class Period")...

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