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IN RE GLOBAL CROSSING, LTD. SECURITIES LITIGATION

No. 02 Civ. 8503(GEL).

314 F.Supp.2d 172 (2003)

In re GLOBAL CROSSING, LTD. SECURITIES LITIGATION. Howard B. Thompson, et al., Plaintiffs, v. Li Ka-Shing, et al., Defendants.

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

March 24, 2003.

Attorney(s) appearing for the Case

Michael G. Dowd, New York City, for plaintiffs.

David E. Kendall, Williams & Connolly LLP, Washington, D.C., for defendant.

OPINION AND ORDER

LYNCH, District Judge.

This action is one of nearly ninety filed against the officers and directors of Global Crossing, Ltd. ("GCL") and others by purchasers of GCL securities in the wake of the collapse, and accompanying decline in stock price, of the company in early 2002. Like many of the cases, this one has been transferred to this Court from the Central District of California by the Judicial Panel on Multidistrict Litigation...

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