GWITED  STATES  DISTRICT                      
                                                          DISTRICT                  OF  CONNECTICUT

                            .' ?..                                         --

 DAVID  LEVENTHAL,                                 JACK  FISHBAUM,
 DAVID  STARK,  WALTZER  DIAMOND  FLP                                                            )
DAVID  WAMPOLE,  and  HOBSEN  DEWEY                                                              1
BEEMAN  on  behalf                                 of  themselves                     and  1
all         others              similarly                 situated,
                                                                                                ,'
                                                        Plaintiffs,                                
                                                                                                ; 
                                            V.
                                                                                                !
LEONARD  TOW,  DARYL  A.  FERGUSON,
LIVINGSTON                  E.  ROSS,  ROBERT  J.                                               ;
DESANTIS,              JAMES  MICHAEL  LOVE
and  CITIZENS                           UTILITIES            COMPANY,                       !

                                                                                            1
                                                        Defendants.


                       Lead  Plaintiffs,                              David            Leventhal,  
id
Stark,          Waltzer                    Diamond           FLP,  David                  Wampole, 
Beeman           ("plaintiffs"),                           individually                     and  on

similarly              situated,                        by  their                 attorneys,       
      upon
information                            and  belief            (except                for  those    

to  plaintiffs,                           which         are  based  on  personal                   
 due

investigation                             by  their          counsel,                   The 
          a

review          and  analysis                           of  defendants'                     public 

public          filings                   of  Citizens             Utilities                       


"Company")                  with             the  United                States           

Commission                    (ttSECtt),                published                  security        
s
articles,              administrative                            files             pertaining