-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EHatSL/fFtoK0wwO4mtVsYP++sI7UOliF4fcUHbS8V1Ya2gFiUEpivY6XIM9FPnC
 I2cHFa0YApTnv87DK0hYeg==

<SEC-DOCUMENT>0000902664-06-000974.txt : 20060306
<SEC-HEADER>0000902664-06-000974.hdr.sgml : 20060306
<ACCEPTANCE-DATETIME>20060306160016
ACCESSION NUMBER:		0000902664-06-000974
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050930
FILED AS OF DATE:		20060306
DATE AS OF CHANGE:		20060306

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EBS LITIGATION LLC
		CENTRAL INDEX KEY:			0001066463
		STANDARD INDUSTRIAL CLASSIFICATION:	 [9995]
		IRS NUMBER:				133989964
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		C/O NORWEST BANK MINNESOTA NA
		STREET 2:		SIXTH & MARQUETTE
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55479-0069
		BUSINESS PHONE:		6126674803

	MAIL ADDRESS:	
		STREET 1:		C/O NORWEST BANK MINNESOTA NA
		STREET 2:		SIXTH & MARQUETTE
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55479-0069

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MORGENS WATERFALL VINTIADIS & CO INC
		CENTRAL INDEX KEY:			0001016150
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24711
		FILM NUMBER:		06667318

	BUSINESS ADDRESS:	
		STREET 1:		600 FIFTH AVENUE
		STREET 2:		27TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
		BUSINESS PHONE:		2127050500

	MAIL ADDRESS:	
		STREET 1:		600 FIFTH AVENUE
		STREET 2:		27TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-09-30</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001066463</issuerCik>
        <issuerName>EBS LITIGATION LLC</issuerName>
        <issuerTradingSymbol>XXELG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001016150</rptOwnerCik>
            <rptOwnerName>MORGENS WATERFALL VINTIADIS &amp; CO INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 FIFTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>27TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10020</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Membership Units (&quot;Units&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1024939</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>Morgens, Waterfall, Vintiadis &amp; Co., Inc.,  By:  /s/ John C. Waterfall, President</signatureName>
        <signatureDate>2006-03-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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