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VEERA v. AMBAC PLAN ADMINISTRATIVE COMMITTEE

No. 10 CV 4191(HB).

769 F.Supp.2d 223 (2011)

Karthikeyan V. VEERA, Plaintiff, v. AMBAC PLAN ADMINISTRATIVE ORDER COMMITTEE, et al., Defendants.

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

January 6, 2011.

Attorney(s) appearing for the Case

Stephen John Fearon, Jr. , Caitlin Duffy, Garry Thomas Stevens, Jr. , Squitieri & Fearon LLP, New York, NY, for Plaintiff.

Brendan Thomas Killeen , Morgan, Lewis & Bockius LLP, New York, NY, Christopher Alan Weals , Morgan Lewis & Bockius, LLP, Washington, DC, Gregory C. Braden , Alston & Bird LLP, Atlanta, GA, for Defendants.

OPINION & ORDER

HAROLD BAER, JR., District Judge.

Plaintiff in this purported class action is a former employee of Ambac Financial Group, Inc. ("Ambac") who held Ambac stock as part of an employer-sponsored Savings Incentive Plan (the "Plan"). Plaintiff purports to represent a class of all Plan participants who held Ambac stock through the Plan between October 1, 2006 and July 2, 2008 (the "Class Period"). Ambac's publicly traded stock fell sharply during...

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