Anwar et al v. Fairfield Greenwich Limited et al

Filing 1409

ENDORSED LETTER addressed to Judge Victor Marrero from Robert A. Wallner dated 9/03/2015 re: We briefly respond to the letters submitted today by the Plaintiffs and the Citco Defendants, regarding the Trustee's request for a pre-motion conference concerning the Trustee's proposed motion to intervene. ENDORSEMENT: The Clerk of court is directed to enter into the public record of this action the letter above submitted to the Court by New Greenwich Litigation Trustees. SO ORDERED. (Signed by Judge Victor Marrero on 9/08/2015) (ama)

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09/03/2015 15:53 FAX 212 465 0548 @002/003 MILBERGui' NEW YORK LO~ ANC.itU', OETROn Rnbcn A. ·wallncr Dircc1 Dial; 212-946-9335 rwal lncr'li·rni September 3. 2015 VIA FAX The Honorable Victor \llarrero United States District .! udge Southern District of N(·w York Daniel Patrick rvtoynihan United States Courthouse SOO Pearl Street New York. New York 10007 Re: Anwrtr v. Fairfield Greenwich Ltd., 09-CV-118 (VM) Dear Judge tvlarrero: On behalf o 1· 1\e\v Greenwich Litigation Trustee, LLC. as Successor Trustee ("Trustee") of the Greenwich Scntcy and Greenwich Sentry Partners Litigation Trusts, we briefly respond to the letters submitted l•)day by the Plaintiffs and the Citco Defendants, regarding the Trustee's request for a pre-n10ti1m conference concerning the Trustee's proposed motion to intervene for the limited purpose of )bjecting to the Citco settlement. The settling parties and the Trustee agree that the proposed settlement does not release the Trustee's claims. 'Jee. e.g., Plaintiffs' Letter at 1: Citco Letter at 2 (proposed judgment "in no way ·formally strip·;' the Trustee of any claim or defense'") (quoting Bhariu v. Piedrahita, 756 F.3d 211. 218 (2d Cir. 2014)). To the extent however, th._t the proposed judgment could be read to somehow '"offset'' 1he Trustee's damages (thus enhanr:·ing Citco's defenses in the Trustee's actions), the prejudice to the Trustee as well its standi11g to object cannot be disputed, even though its claims otherwise remain intact. Finally, the Trnstee's submission of objections will not delay the proceedings, as the Trustee is ti.1lly preparvd to meet the October 16, 2015 deadline for objections. Robc1i A. Wallner cc !.. \'Ia email): David A. Barrett, Esq. Sarah L. Cave. Esq. Timothy A. Duffy, Esq. One Pr;11nsylvania Plaza· "J<•v,. 'ork, NY 10119 · T 212.594.5300 · F 212.868.1229 · milberg.corn 0910312015 15:53 FAX 212 465 0548 The Honorable Victor 'v1arrero September 3, 2015 Page 2 Robert C. Finkd, Esq. Andrew G. Go1 don, Esq. Victor E. Stewm1, Esq. MILBERG LLP @003/003

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