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IN RE WORLDCOM

February 25, 2004.

IN RE WORLDCOM, INC. SECURITIES LITIGATION This Document Relates To: INA ROSENBLOOM, individually and on behalf of all others similarly situated, Plaintiff, -v- CITIGROUP, INC., CITIGROUP GLOBAL MARKETS, INC. f/k/a SALOMON SMITH BARNEY INC. AND JACK GRUBMAN, Defendants EDWARD CASTELLANI, individually and on behalf of all others similarly situated, Plaintiff, -v- CITIGROUP, INC., CITIGROUP GLOBAL MARKETS, INC. f/k/a SALOMON SMITH BARNEY INC. AND JACK GRUBMAN. Defendants


The opinion of the court was delivered by: DENISE COTE, District Judge

ORDER

Plaintiffs in the above-captioned actions allege claims arising from the purchase of Targeted Growth Enhanced Terms Securities With Respect to the Common Stock of MCI WorldCom, Inc., due August 15, 2003 ("TARGETS"), a publicly traded preferred security issued by Targets Trust, an affiliate of Page 2 Salomon Smith Barney, Inc. ("SSB"). The claims in these actions arise from the same nucleus of facts surrounding the collapse of WorldCom as alleged in the In re WorldCom, Inc. Securities Litigation ("Securities Litigation"). On January 30, 2004, plaintiff Ina Rosenblum ("Rosenblum") in 03 Civ. 9490, moved for consolidation of her action with Castellani v. Citigroup., 03 Civ. 10066 as related actions, appointment as Lead Plaintiff in the consolidated actions, and approval of Goodkind Labaton Rudoff & Sucharow LLP as Lead Counsel for the class.

Rosenblum requests and defendants do not oppose consolidation of the action in the manner ordered on August 8, 2003 in In re PaineWebber GOALs Securities Litigation GOALs Actions ("GOALs Litigation"). Having had an Initial Pre-Trial Conference on this matter on February 18, and having received on February 20 further information regarding Rosenblum, it is hereby,
ORDERED as follows:
I. CONSOLIDATION
  1. Rosenbloom and Castellani are consolidated for all purposes pursuant to Rule 42(a), Fed.R.Civ.P. They shall be referred to collectively as In re TARGETS Securities Litigation, Master File No. 03 Civ. 9490 (DLC) ("TARGETS Litigation").

  2. The TARGETS Litigation shall be consolidated with the Securities Litigation under the Master File No. 02 Civ. 3288 for pretrial purposes only. Page 3

  3. No action taken hereunder shall have the effect of making any person, firm or corporation a party to any action in which the person or entity has not been named, served, or added as such in accordance with the Federal Rules of Civil Procedure.

  II. MASTER DOCKET AND SEPARATE ACTION DOCKETS

  4. A Master Docket is hereby established for the consolidated proceedings in the actions consolidated herein and any other actions subsequently consolidated with them either for all purposes or for pretrial purposes (the "Consolidated TARGETS Actions"). Entries in said Master Docket shall be applicable to the Consolidated TARGETS Actions, and entries shall be made therein in accordance with the regular procedures of the Clerk of this Court, except as modified by this Order.

  5. When a pleading is filed and the caption, pursuant to this Order, shows that it is applicable to "All Actions," the Clerk shall file such pleading in the Master File and note such filing in the Master Docket. No further copies need be filed nor other docket entries made.

  6. When a pleading or paper is filed and the caption shows that it is applicable to less than All Actions, the Clerk shall file the original of the paper in the Master File and a copy in the file of each separate action to which it applies and shall note such filing in the Master Docket and in the docket of each such separate action. The party filing such paper shall supply the Clerk with sufficient copies of any paper to permit compliance with this paragraph. Page 4

  III. NEWLY FILED OR TRANSFERRED ACTIONS

  7. When an action that relates to the same subject matter as the Consolidated TARGETS Actions is hereafter filed in or transferred to this Court and assigned to the undersigned, it shall be consolidated with these actions in the same manner as the cases identified in Section I above (provided that any case transferred to this Court solely for pretrial proceedings shall be consolidated only to that extent absent further order of this Court), except as provided below, and the Clerk of Court shall:
a. File a copy of this Order in the separate file for such action; and
b. Make an appropriate entry in the Master Docket.
  8. Any defendant who has notice of the filing in or transfer to this Court of a related case shall
 
a. Mail a copy of this Order to the attorneys for the plaintiff(s) in the newly filed or transferred case; and
b. File a notice of service of this Order with the Clerk of Court to be docketed and filed in the Master File.
  9. The Court requests the assistance of counsel in calling to the attention of the Clerk the filing or transfer of any case which might properly be consolidated with these actions. Page 5

  IV. APPLICATION OF THIS ORDER TO SUBSEQUENT CASES

  10. This Order shall apply to each action brought alleging claims arising from the purchase or sale of Targets and assigned to the undersigned which is subsequently filed in or transferred to this Court, and which is assigned to the undersigned unless a party objecting to the consolidation of that action or to any other provision of this Order serves an application for relief from this Order or from any of its provisions within ten (10) days after the date on which the Clerk mails a copy of this Order ...


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