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STERLING HEIGHTS v. VODAFONE GROUP PUBLIC LTD. CO.

No. 07 Civ. 9921(PKC).

655 F.Supp.2d 262 (2009)

CITY OF STERLING HEIGHTS PLICE & FIRE RETIREMENT SYSTEM, On Behalf of Itself and All Others Similarly Situated, Plaintiff, v. VODAFONE GROUP PUBLIC LIMIED COMPANY, Arun Sarin, Kenneth J. Hydon, Alan P. Harper, and Lord Ian MacLaurin, Defendants.

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

May 20, 2009.

Attorney(s) appearing for the Case

David Avi Rosenfeld, Coughlin Stoia Geller Rudman & Robbins, LLP (LI), Melville, NY, for Plaintiff.

Gandolfo Vincent Diblasi, Elizabeth Kayla Ehrlich, Jordan Tourney Razza, Theodore Edelman, Sullivan and Cromwell, LLP, New York, NY, for Defendants.

MEMORANDUM AND ORDER

P. KEVIN CASTEL, District Judge.

The plaintiff alleges in an Amended Class Action Complaint (the "Complaint") that the defendants violated federal securities laws, principally by failing to take timely impairment charges for the declining good will of defendant Vodafone Group Public Limited Company ("Vodafone," or the "Company") and by failing to disclose that Vodafone would likely incur $8.7 billion in tax obligations...

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