Case Page

 

Case Status:    SETTLED
On or around 12/07/2006 (Other)

Filing Date: May 24, 2002

On June 04, 2002, an order of the initial pre-trial conference was entered. Just as quickly, a notice of motion to consolidate cases, for the appointment of lead plaintiff and the approval of lead counsel was filed on July 12, 2002. On August 01, 2002, a stipulation and order on the extension of the defendants’ time to answer this class action complaint was entered. Finally, an order of dismissing several cases was entered on December 21, 2004.

According to a Press Release dated 8/2/02, this action arises as a result of the issuance by the Defendants of analyst reports regarding Global Crossing, which recommended the purchase of Global Crossing securities while failing to disclose significant, material conflicts of interest which they had, in light of their use of Grubman's reputation and his Global Crossing analyst reports, to obtain investment banking business for Salomon.

COMPANY INFORMATION:

Sector: Financial
Industry: Money Center Banks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GBLXQ.PK
Company Market: OTC-BB
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 02-CV-3985
JUDGE: Hon. George B. Daniels
DATE FILED: 05/24/2002
CLASS PERIOD START: 05/24/1999
CLASS PERIOD END: 10/04/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  2. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 02-CV-3985
JUDGE: Hon. George B. Daniels
DATE FILED: 07/12/2002
CLASS PERIOD START: 06/15/1999
CLASS PERIOD END: 11/10/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Grant & Eisenhofer (Wilmington)
    1201 N. Market Street, Suite 2100, Grant & Eisenhofer (Wilmington), DE 19801
    302.622.7000 302.622.7100 · lawyers@gelaw.com
No Document Title Filing Date
No Document Title Filing Date