In re WILLIAMS SECURITIES LITIGATION-WCG SUBCLASS.
United States Court of Appeals, Tenth Circuit.https://leagle.com/images/logo.png
March 3, 2009.
March 3, 2009.
Attorney(s) appearing for the Case
Submitted on the briefs:*
William Christopher Carmody, Jonathan E. Bridges, and Jeremy J. Brandon, Susman Godfrey LLP, Dallas, TX, Joshua H. Vinik, Matthew A. Kupillas, and Kent A. Bronson, Milberg LLP, New York, NY, and Behram V. Parekh, Yourman Alexander & Parekh, Los Angeles, CA, for Plaintiffs-Appellants.
Michael J. Gibbens, Victor E. Morgan, and Gerald L. Jackson, Crowe & Dunlevy, Tulsa, OK, for Defendants-Appellees Howard E. Janzen, Scott E. Schubert, Kenneth Kinnear II, Matthew W. Bross, Bob F. McCoy, Howard S. Kalika, John C. Bumgarner Jr., and Frank M. Semple.
Graydon Dean Luthey, Jr., and Sarah Jane Gillett, Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C., Tulsa, OK, Timothy K. Roake, Gibson, Dunn & Crutcher, L.L.P., Palo Alto, CA, and Ethan D. Dettmer, Gibson, Dunn & Crutcher, L.L.P., San Francisco, CA, for Defendants-Appellees The Williams Companies, Inc. and Keith E. Bailey.
Patrick M. Ryan, and Philip G. Whaley, Ryan, Whaley & Coldiron, Oklahoma City, OK, Peter A. Wald, Latham & Watkins LLP, San Francisco, CA, and Christopher Harris, Latham & Watkins LLP, New York, NY, for Defendant-Appellee Ernst & Young LLP.
Before McCONNELL, ANDERSON, and BALDOCK, Circuit Judges.
United States Court of Appeals, Tenth Circuit.
BALDOCK, Circuit Judge.
Following the breakup of AT & T in the 1980s, the Williams Companies (WMB), an energy group, devised a plan to run fiber-optic cables through some of its decommissioned pipelines. Subsequently, WMB used a subsidiary known as the Williams Communications Group (WCG) to develop a large fiber-optic network. WMB sold most of this network to a competitor in 1995. Rapid growth in the Telecommunications...
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