IN RE FLAG TELECOM HOLDINGS, LTD. SEC. LITIGATION

No. 02 Civ. 3400 (WCC).

618 F.Supp.2d 311 (2009)

In re FLAG TELECOM HOLDINGS, LTD. SECURITIES LITIGATION. This Document Relates to: All Actions.

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

May 1, 2009.


Attorney(s) appearing for the Case

Brad N. Friedman, Esq., Matthew A. Kupillas, Esq., James M. Shaughnessy, Esq., of counsel, Milberg LLP, New York, NY, for Plaintiff and the Class.

Jerome S. Fortinsky, Esq., Daniel H.R. Laguardia, Esq., H. Miriam Farber, Esq., Grace J. Lee, Esq., of counsel, Shearman & Sterling LLP, New York, NY, for Individual Defendants Andres Bande, Larry Bautista, Lim Lek Suan, Edward McCormack, Edward McQuaid, Daniel Petri, and Philip Seskin.

James N. Benedict, Esq., Douglas W. Henkin, Esq., C. Neil Gray, Esq., of counsel, Milbank, Tweed, Hadley & McCloy LLP, New York, NY, for Defendant Citigroup Global Markets, Inc.


OPINION AND ORDER

WILLIAM C. CONNER, Senior District Judge:

Plaintiffs Peter T. Loftin, Norman H. Hunter and Joseph Coughlin ("plaintiffs") bring this class action raising claims under the federal securities laws against Citigroup Global Markets, Inc. f/k/a Salomon Smith Barney, Inc. ("Citigroup") and individual defendants,1 namely, Andres Bande, Edward McCormack, Daniel Petri, Edward McQuaid, Philip Seskin and Dr. Lim...

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