IN RE FLAG TELECOM HOLDINGS, LTD. SECURITIES LIT.

No. 02 CIV. 3400(WCC).

308 F.Supp.2d 249 (2004)

In re FLAG TELECOM HOLDINGS, LTD. SECURITIES LITIGATION This Document Relates to: All Actions

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

February 25, 2004.


Attorney(s) appearing for the Case

Milberg Weiss Bershad Hynes & Lerach LLP, Lead Counsel for Plaintiff and the Class, New York, NY, Brad N. Friedman, Esq., Rachel S. Fleishman, Esq., Elizabeth A. Berney, Esq., Alisha C. Smith, Esq., Of Counsel.

Kirkland & Ellis LLP, New York, NY, Joseph Serino, Jr., Esq., Eric F. Leon, Esq., Of Counsel, Kirkland & Ellis LLP, Washington, D.C., Thomas D. Yannucci, P.C., Craig S. Primis, Esq., Matthew E. Papez, Esq., Of Counsel, for Defendant Verizon Communications Inc.

Clifford Chance U.S. LLP, Attorneys for Defendant Citigroup Global Markets, Inc., New York, NY, James N. Benedict, Esq., Michael D. Torpey, Esq., Scott W. Reynolds, Esq., Margaret Snyder, Esq., Joseph Floriani, Esq., Stacey Becker, Esq., Of Counsel.

Shearman & Sterling, Attorneys for Defendant Flag Telecom Group Limited and Individual Defendants Andres Bande, Larry Bautista, Andrew Evans, Lim Lek Suan, Edward McCormack, Edward McQuaid, Daniel Petri and Philip Seskin, New York, NY, Jerome S. Fortinsky, Esq., Paul S. Hessler, Esq., Tammy P. Bieber, Esq., Of Counsel.


OPINION AND ORDER

WILLIAM C. CONNER, Senior District Judge.

Plaintiff Peter T. Loftin brings this putative class action against defendants Flag Telecom Holding Group, Ltd. ("Flag"),1 Salomon Smith Barney, Inc. n/k/a Citigroup Global Markets, Inc. ("Citigroup" or the "underwriter") and Verizon Communications, Inc. ("Verizon"). Plaintiff also names eight individual defendants...

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