United States District Court, S.D. New York
January 10, 2005.
IN RE WORLDCOM, INC. SECURITIES LITIGATION. This Document Relates to: ALL ACTIONS.
The opinion of the court was delivered by: DENISE COTE, District Judge
On January 7, 2005, this Court received a Stipulation of
Settlement reached by the Lead Plaintiff and a number of the
Director Defendants in the class action in the Securities
Litigation. To discuss these parties' request, conveyed in John
P. Coffey's letter of the same date, that the Court enter an
order severing the class Claim against the other defendants who
will proceed to trial on February 28, 2005; setting a date on or
after February 25, 2005 to consider preliminary approval of the
settlement; and staying any pending litigation over insurance
coverage; it is hereby
ORDERED that a conference shall be held on January 11, 2005, at
2:00 p.m. at the United States Court House, 500 Pearl Street, New
York, New York, in Courtroom 11B.
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