United States District Court, S.D. New York
September 15, 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
Beginning in December 2004, defendants have filed Phase III and
Phase IV motions to dismiss certain Individual Actions. During a
telephone conference on June 2, 2005, the Court offered the
assistance of the Settlement Judges to supervise settlement
discussions in the Individual Actions, and certain counsel urged
the Court to refrain from reaching the pending motions while they
engaged in a dialogue with their adversaries to determine whether
the Individual Actions could be settled. Several months having
passed, it is hereby
ORDERED that by September 19, 2005, counsel in any Individual
Action in which a motion to dismiss is pending and (1) in which
there is no agreement in principle to resolve the Individual
Action, or (2) in which the parties are not actively engaged in
settlement discussions, shall so advise the Court.
IT IS FURTHER ORDERED that the parties providing such
notification will also indicate whether they desire the
intervention of the Settlement Judges to initiate and supervise
settlement discussions in their Individual Action.
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