Anwar et al v. Fairfield Greenwich Limited et al

Filing 1426

ENDORSED LETTER addressed to Judge Victor Marrero from Sharon L. Nelles dated 10/7/2015 re: We write on behalf of Standard Chartered plc and Standard Chartered Bank International (Americas) Ltd. ("SCBI," and together with Standard Chartered pie, the "Bank") to request a pre-motion conference concerning dismissal of the case captioned Ricardo Rodriguez Caso v. Standard Chartered Bank International (Americas) Ltd., et al., No. 10- CV-9196 (S.D.N.Y.) ("Caso"). ENDORSEMENT: Plaintiff Ricardo Caso is directed to respond by 10-13-15 by letter not to exceed two pages, to the matter set forth above by defendants SCBI, showing cause why the relief requested should not be granted. (Signed by Judge Victor Marrero on 10/8/2015) Filed In Associated Cases: 1:09-cv-00118-VM-FM, 1:10-cv-09196-VM(lmb) Modified on 10/9/2015 (lmb).

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10/07/2015 17 01 FAX 1212 558 3358 ~ 8&C LLP 125 BO 26FL 0()2/006 SULLIVAN & CROMWELL LLP 12sfKJ~~ A~ o/~, vW100011-211.98 Tl>L.EPHONE: 1-212-!1!18-4000 P'AC81MIL.E: 1-212.·!156·3!188 www.su1.1.c•o ... coM 91!!1JINO • HO..Cil ~Q I TOlf.YO October 7, 2015 By Facsimile Honorable Victor Marrero, United States District Judge, Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, New York 10007. Re: Anwar. et al. v. Fairfield Greenwich Ltd.. et al., No. 09-CV-118 (S.D.N.Y.) -- Caso v. S1andard Charlered Bank International (Americas) Ltd, et al., No. 10-CV-9196 (S.D.N,Y.) Dear Judge Marrero: We write on behalf of Standard Chartered plc and Standard Chartered Bank International (Americas) Ltd. ("SCBI," and together with Standard Chartered pie, the "Bank") to request a pre-motion conference concerning dismissal of the case captioned Ricardo Rodriguez Caso v. Standard Chartered Bank lnrernational (Americas) Ltd., et al., No. 10-CV-9196 (S.D.N.Y.) ("Caso"). As the Court will recall, Mr. Caso filed a putative class action complaint against the Bank.on December 9, 2010. (See Dkt. No. 1, No. 10-CV-9196.) On May 18, 2012, the Court granted the Bank's motion to compel Mr. Caso to arbitrate his individual claims, and ordered that the Caso action be "stayed pending completion of arbitration." (Dkt. No. 882.) One year later, on May 7, 2013, Mr. Caso initiated an arbitration before the American Arbitration Association (the "AAA") asserting putative class claims. 1 On June 12, 2013, in response to the The arbitration case docket is https://www.adr.org/aaa/faces/services/disputeresolutionservices/casedocket/casedocketdetails?d oc=ADRSTAGE201521 l&_afrLoop=l29731809126400&_afrWindowMode=O&_afrWindowid =6tzora2xf_64#%40%3F _afrWindowld%3D6tzora2xf_64%26_afrLoop%3Dl29731809126400 %26doc%3DADRSTAGE2015211%26_afrWindowMode%3D0%26_adf.ctrlstate%3 D6tzora2xf 14 1. 10/07/2015 17 01 FAX 1212 558 3358 ~ S&C LLP 125 BO 26FL 003/008 -2- Honorable Victor Marrero Bank's motion to enforce the May 18, 2012 Order, the Court precluded Mr. Caso from arbitrating his claims on a class basis. Anwar v. Fairfield Greenwich Ltd, 950 F. Supp. 2d 633, 637 (S.D.N.Y. 2013). 2 On June 20, 2013, in light of the Court's Order, the AAA terminated the class action proceeding. (June 20, 2013, E-mail of Jonathan Weed, attached as Exhibit A at 2.) The notice of termination allowed Mr. Caso, at his request, "'two weeks to consider the ramifications of the court's ruling" and indicated that the AAA would "await further word from Claimant on or before July 5, 2013." (ld.) More than six months later, on January 29, 2014, counsel for Mr. Caso informed the AAA that Mr. Caso would "pursue any further proceedings in individual arbitration and this matter may be closed," which it was. (January 29, 2014, E-mail of Jonathan Weed, Exhibit A at 1.) Mr. Caso thereafter did not pursue individual arbitration against the Bank. Because Mr. Caso's putative class arbitration was terminated and closed by the AAA more than a year-and-a-half ago, and because no individual arbitration was commenced, there is no need to maintain this action under Section 3 of the Federal Arbitration Act. See 9 U.S.C. § 3 (authorizing a stay of a federal action "until such arbitration has been had in accordance with the terms of the agreement"). Further, because there are no class claims to be adjudicated by this Court, there is nothing more to be done in this matter. See Oklahoma Firefighters Pension & Retirement Sys., 951 F. Supp. 2d 479, 493-94 (S.D.N.Y. 2013) (dismissal of class action appropriate where no named plaintiff with standing). As such, the Bank respectfully requests that the Court lift the stay and dismiss the Caso action. Respectfully submitted, ~;/ Sharon L. Nelles (Attachments) cc: 2 Gaytri D. Kachroo (by e-mail) David Stone (by e-mail) Standard Chartered Plaintiffs' Steering Committee (by e-mail) Mr. Caso moved for reconsideration of the Court's June 12, 2103 Order, which the Court denied on July 23, 2013. (Dkt. No. 1166.) 10/07/2015 17 01 FAX 1212 558 3358 S&C LLP 125 BO 28FL ~ 004/008 Exhibit A From: Sent: To: Subject: Jonathan Weed <weedj@adr.org > Wednesday. January 29, 2014 5:55 PM Finn, Andrew J.; dstone@stonemagnalaw.com; tbattin@straus-boies com; dstone@stonemagnalaw.com; dmee@stonemagnalaw.com; dharrison@stonemagnalaw.com; gkachroo@kachroolegal.com; rmcintyre@kachroolegal.com; ms.chirmer@straus-bois.com; Neuhaus. Joseph E.; Nelles. She1ron L.; McGimsey, Diane L.; Berarducci, Patrick S.; Gallegos. Stanton R. Closing file - Caso v. Standard Chartered Bank International (Americas) Ltd -- No. 11 516 y 653 13 Dear Counsel, Please note that my contact information has changed All communications should be directed to weedj@adr org or my new phone number, (401) 431-4745. This will confirm a telephone conversation on this date with Ms. Mcintyre, wherein she confirmed that Claimant will pursue any further proceedings in individual arbitration and this matter may be closed. Accordingly, the Association has closed its file. Please note that the physical case file will be destroyed six (6) months after the date of this letter. In the normal course of our administration, the AAA may maintain certain documents in our electronic records system. Such electronic records are not routinely destroyed and do not constitute a complete case file. A statement will follow reflecting all financial activity in this matter. We appreciate the opportunity to assist the parties in the resolution of this matter Sincerely, ~ Jonathan Weed . . Manager of AOR Services American Arbitration Association 950 Warren Ave. East Providence, RI 02914-1414 www.adr.org T:401 431 4745 F:866 644 0234 The informati.on in lhi~ 1•.1nsmitt.el (inch1d.int1 attachments. if any) is privl\eged and/or confidential :ind i.; intended Ol\ly for the recipient(~) listed 3bovc. An)' rei:iew, u~•. d1sclo,ure, distribulion or cop)~nl\ <'fthis tran&mitt~l is prohibited except hy or r,n hehalf of the intended recipienL. If you h•ve re.:e.1vcd this lrA1\.•mmal in error, ple<i.•c notify me immediucly by rop\y email and dco;trcy ;ill ,;npi•• of the tnn<minal. Thank yo11. From; AAA Jonathan We~ Sent: Tuesday, October 01, 2013 8:53 AM 10/07/2015 17 01 FAX 1212 558 3358 S&C LLP 125 BO 28FL ~ 005/008 To: 'Finn, Andrew J. '; 'dstone@stonemagnalaw.com'; 'tbattln@straus-boies.com'; 'dstone@stonemagnalaw.com'; 'dmee@stonemagnalaw.com'; 'dharrison@stonernagnalaw.com'; 'gkachroo@kachroolegal.com'; 'rmclntyre@kachroolegal.com'; 'mschirmer@straus-bois.com'; 'Neuhaus, Joseph E.'; 'Nelles, Sharon L.'; 'McGimsey, Diane l.'; 'Berarduccl, Patrick B.'; 'Gallegos, Stanton R.' Subject: 10-1-13: Requesting Status - Caso v. Standard Chartered Bank International (Americas) Ltd. •• No. 11 516 Y 653 13 Dear Parties. At this time. the Association kindly requests the status in this matter I would greatly appreciate rece1v1ng the status in this matter no later than October 8. 201 3 Thank you and should you have any questions. please do not hesitate to contact me. Sincerely, Sara Isom on behalf of From: AAA Jonathan Weed Sent: Thursday, June 20, 2013 10:05 AM To; 'Finn, Andrew J.'; dstone@stonemagnalaw.com; tbattin@straus-boles.com; dstone@stonernagnalaw.com; dmee@stonemagnalaw.com; dharrison@stonernagnalaw.com; gkachroo@kachroolegal.com; rmclntyre@kachroolegal.com; mschlrmer@straus-bols.com; Neuhaus, Joseph E.; Nelles, Sharon L.; McGimsey, Diane L.; Berarducci, Patrick B.; Gallegos, Stanton R. Subject: RE: Caso v. Standard Chartered Bank International (Americas) Ltd. -- No. 11 516 Y 653 13 - Receipt of court order Dear Counsel, This wdl acknowledge receipt of the below and attached letter and court order from Mr Niehaus As directed by the court. the class action proceeding has been terminated and all previously established deadlines 1n this matter are vacated Claimant has requested that they have two weeks to consider the ramifications of the court's ruling Respondent has advised that they have no Objection to this request Accordingly, we will await further word from Claimant on or before JulyS.2013 Should you have any questions or concerns. please do not hesitate to contact the undersigned. Sincerely, From: Finn, Andrew J. [mailto:Finna@sullcrom.com] Sent: Thursday, June 13, 2013 5:56 PM To; AAA Jonathan Weed Cc: dstone@stonemagnalaw.com; tbattin@straus·boies.com; dstone@stonemagnalaw.com; dmee@stonemagnalaw.com; dharrlson@stonemagnalaw.com; gkachroo@kachroolegal.com; rmclntyre@kachroolegal.com; mschirmer@straus· bois.com; Neuhaus, Joseph E.; Nelles, Sharon L.; McG1msey, Diane L.; Berarducci, Patrick B.; Gallegos, Stanton R. Subject: caso v. Standard Chartered Bank International (Americas) Ltd. -- No. 11 516 Y 653 13 Dear Mr. Weed. Please see the attached letter and enclosure. Regards, 2 10/07/2015 17 01 FAX 1212 558 3358 S&C LLP 125 BO 28FL Andrew Andrew J. Finn I Sullivan & Cromwell UP 125 Broad Street, New York, N. Y. 10004 11(212) 558-4081 I ~ (212) 291-9468 Fl finna@sullcrom.com \ http://www.sullcrom.comL '!' lw ..:1''·' 3 @ 008/008

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