LEYKIN v. AT & T CORP.

No. 02 Civ. 1765(LLS).

423 F.Supp.2d 229 (2006)

Semen LEYKIN, on behalf of himself and all others similarly situated, Plaintiff, v. AT & T CORPORATION; Cox Communications, Inc.; Comcast Cable Communications, Inc.; Kleiner Perkins Caufield & Byers; C. Michael Armstrong; Mark McE achen; George Bell; Frank Ianna; Mohan Gyani; Charles H. Noski; Daniel H. Somers; John C. Petrillo; L. John Doerr; Thomas A. Jermoluk; William R. Hearst, III; Raymond Liguori; John C. Malone; Brian L. Roberts; Edward S. Rogers; David M. Woodrow; and Hossein Eslambolchi, Defendants.

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

March 23, 2006.


Attorney(s) appearing for the Case

Lovell Stewart Halebian LLP (Christopher Lovell, Gary S. Jacobson, Esq., Frederick W. Gerkens, III, of Counsel), New York City, for Plaintiff.

Sidley Austin Brown & Wood LLP (Alan M. Unger, John J. Lavelle, of Counsel), New York City, Sidley Austin Brown & Wood LLP (Charles W. Douglas, Stephen C. Carlson, Rachel Blum Niewoehner, of Counsel), Chicago, IL, for Defendants AT & T Corp., C. Michael Armstrong, Charles H. Noski, John C. Petrillo, Raymond Liguori, Hossein Eslambolchi, Daniel H. Somers, Frank Ianna, and Mohan Gyani (AT & T Corp., Bedminster, NJ, Edward R. Barillari, Jennifer Leuba, of Counsel).

Hoguet Newman & Regal, LLP (Frederic S. Newman, Edward P. Boyle, of Counsel), New York City, Dow Lohnes & Albertson, PLLC (Michael D. Hays, Michael D. Rothberg, Daniel D. Prichard, of Counsel), Washington, DC, for Defendants Cox Communications and David M. Woodrow. Kasowitz, Benson, Torres & Friedman (Sheron Korpus, Michael S. Shuster, of Counsel), New York City, for Defendants Comcast Cable Communications, Inc. and Brian L. Roberts.

Proskauer Rose LLP (Richard Marmaro, Jack P. DiCanio, Jonathan E. Rich, Esq., Joshua D. Bernstein, of Counsel), for Defendant Mark McEachen.

Mayer, Brown, Rowe & Maw (Jean-Marie L. Atamian, Henninger S. Bullock, of Counsel), New York City, for Defendants L. John Doerr and Thomas A. Jermoluk.

Skadden Arps Slate Meagher & Flom (Jay B. Kasner, Richard L. Brusca, Michael P. Kelly, of Counsel), New York City, for Defendant Edward S. Rogers.


OPINION AND ORDER

STANTON, District Judge.

In these consolidated and related securities class actions, defendants move to dismiss the first amended (and predecessor) complaints and the proposed third amended complaint ("PTAC"), which plaintiffs tender as their best statement of "loss causation."

FACTS

The facts set forth below are taken from the PTAC, the documents referenced therein and publicly available financial filings. Rothman...

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