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SUNG EX REL. LAZARD LTD. v. WASSERSTEIN

No. 05 CIV. 5785(VM).

415 F.Supp.2d 393 (2006)

Jing SUNG, Derivatively, on behalf of LAZARD LTD., Plaintiff, v. Bruce WASSERSTEIN, Michael J. Castellano, Scott D. Hoffman, Charles G. Ward III, Steven J. Golub, Robert Charles Clark, Ellis Jones, Vernon E. Jordan, Jr., Anthony Orsatelli and Goldman Sachs & Co., Defendants, and Lazard Ltd., a Bermuda company, Nominal Defendant.

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

February 17, 2006.

Attorney(s) appearing for the Case

Gregory Bradley Linkh, Murray, Frank & Sailer, LLP, New York City, Christopher J. Gray, Christopher J. Gary, PC, New York City, Brian J. Robbins, Mare M. Umeda, Robbins, Umeda & Fink, LLP, San Diego, CA, for Plaintiffs.

Marc Wolinsky, Adir Gurion Waldman, Sarah Fern Meil, Wachtell, Lipton, Rosen & Katz, New York, NY, for Defendants.

DECISION AND ORDER

MARRERO, District Judge.

Plaintiff Jing Sung ("Sung") commenced a shareholder derivative action (the "Sung Action") on behalf of Lazard Ltd. ("Lazard") in the Supreme Court of the State of New York, New York County, based on events surrounding Lazard's initial public offering ("IPO"). Defendants in this action Bruce Wasserstein, Michael J. Castellano, Scott D. Hoffman, Charles...

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