In re Worldcom, Inc. Securities Litigation

Full title: IN RE WORLDCOM, INC. SECURITIES LITIGATION. This Document Relates to: ALL…

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

Date published: Feb 2, 2005

Master File No. 02 Civ. 3288 (DLC) (S.D.N.Y. Feb. 2, 2005)

Opinion

Master File No. 02 Civ. 3288 (DLC).

February 2, 2005

ORDER

DENISE COTE, District Judge

Having considered the parties' submissions and for the reasons that will be explained in an Opinion to follow, the application by the Settling Director Defendants and Lead Plaintiff for approval of the judgment reduction formula contained in the January 18, 2005 Stipulation of Settlement, insofar as the "Contribution Credit" is adjusted to reflect any limitation on the financial capability of the Settling Director Defendants, is hereby

DENIED as a violation of 15 U.S.C. § 78u-4 (f) (7) (B) (i).

SO ORDERED.