IN RE SALOMON ANALYST METROMEDIA LITIGATION

No. 02 Civ.7966 (GEL).

373 F.Supp.2d 235 (2005)

In re SALOMON ANALYST METROMEDIA LITIGATION

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

January 5, 2005.


Attorney(s) appearing for the Case

Frederic S. Fox, Donald R. Hall, Kaplan Fox & Kilsheimer LLP, New York City, Richard A. Adams, George L. McWilliams, Patton, Haltom, Roberts, McWilliams & Greer, LLP, Texarkana, TX, Bradley E. Beckworth, Jeffrey Angelovich, Cary Patterson, Nix, Patterson & Roach, LLP, Daingerfield, TX, for Lead Plaintiffs Frank Russo, Jr., the Vicari Family, the Franco Family, Peter Carolan, and Techgains Corporation.

Robert B. McCaw, Peter K. Vigeland, Christopher J. Meade, Wilmer, Cutler & Pickering, New York City, for Defendants Citigroup Inc., Citigroup Global Markets Inc. (f/k/a Salomon Smith Barney Inc.), Citicorp USA, Inc., and Jack Grubman.


OPINION AND ORDER

LYNCH, District Judge.

This case concerns allegations that the defendant bank Citigroup, Inc. ("Citigroup"), its divisions Citicorp USA and Salomon Smith Barney ("SSB"), and its research analyst Jack Grubman engaged in a scheme to defraud purchasers and sellers of stock in Metromedia Fiber Network, Inc. ("Metromedia") and to enrich themselves, by issuing and disseminating research analyst...

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