Anwar et al v. Fairfield Greenwich Limited et al

Filing 1544

ENDORSED LETTER addressed to Judge Victor Marrero from Robert A. Wallner dated 1/29/2016 re: On behalf of New Greenwich Litigation Trustee, LLC, as Successor Trustee ("Trustee") of the Greenwich Sentry and Greenwich Sentry Partners Litigation Trusts, I reply to yesterday's letters of Mr. Duffy and Mr. Barrett. 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 Trustee, LLC. (Signed by Judge Victor Marrero on 1/29/2016) (lmb)

To:

Page 2 of 3

201Ei-01-29 10:54:~2.E.S.T
Ir: .. ::··-~···· . . · ....." _·::!
.
,..

i:
,.

12122734400 From: Robert Wallner

J

1.:

:fg;;~

l; ;

MILBERG11p

'!

'

·,

I

~

.

,..~

{,

,_,i

jU.":. : ...

' '.·~ ~ -~

. . .J

:=~.u

; :i

_:~j

C\iEVV YORK

!

_os ANGCLCS
DETROI'

J

Robert A. Wallner
Direct Pial: 2.12-946-9335
[e-mail]

···-----·----·~

January 29, 2016
VIA FAX

-. . .
.

:.::::.=.:::--=~=.::::..-=-=:.___._,I

ITT
oocc·:.1i:;\ 1·

I

JSDC SD\;y

I1 D~~c·r·no\:'C.\I l'' 1:" J:o
1~ 1 1
,
7

#;l"

. i

,

..

1

•L1.

l~~2E !;~~7>~ !i\e~~-~

The Honorable Victor Marrero
United States District Judge
Southern DistrictofNew York
Danic.l Patrick Moynihan United Stat.es Courthouse
500 Pearl Street
New York, New York 10007

Re: Anwar v. FairfieldGreenwichLtd., 09-CV-118 (VM)

Dear Judge Marrero:
On behalf of New Greenwich Litigation Trustee, LLC, as Successor Trustee ("Trustee")
of the Greenwich Sentry and Greenwich Sentry Partners Litigation Trusts, I reply to yesterday's
lellers of Mr. Duffy and Mr. Barrett 1 PricewatcrhuuseCoopers International Ltd. ("PwCIL"), a
previously-dismissed defendant, neither submitted nor joined in any letter.
As shown in my January 25, 2016 letter, the settlement agreement requires PwClL's
signature. PwCIL's failure to sign, without more, render.<; the agreement void and unenforceable
under New York law.

Mr. Duffy's argument that class action settlements can release non-signatories (Duffy
Ltr. at 2) underscores an additional problem here. The settlement contemplates not simply the
Class's release in favor of PwCIL, but PwCJL 's affirmative waiver of rights that favor the
Trustee and the Class. Accordingly, even if the agreement were otherwise enforceable against
the tvvo PwC signatories, PwCIL still would get the benefits of the settlement (i.e., the Class's
release) while the Trustee and the Class, to their prejudice, would not get the benefits that
PwCTI. is supposed to provide under the settlement.
The Clerk of Court is directed to enter into the public record
of this action the letter above submitted to the Court by

/Vu1

Gafht "'«.~ l:lwefrm ~me , !LC.. .

SO ORDERED.

Robc11 A. \Vallncr

1-~-;t.
DATE

~7JL~~,

~\
\

..

------·---·----------~---.,,_..;. ,

1

The Court had directed the parties to submit a joint letter. Doc. No. 1541 at 3.

On<.: P(;;1ns)<!V.;:n1;1 Pia.La· N(;W Yurk. NY 10119 · T 212.594.5:!00 · ~ 212.865.1229 ·mi be;9.cm1
f,"ill~li!!¥!
-~\'~·

To:

201 Ei-01-29 10:54:32 EST

Page 3 of 3

12122734400 From: Robert Wallner

The Honorable ViL:tor Marrero
January 29, 2016
Page 2

cc (via email):

David/\. Barrett, Esq.
Sarah L. Cave, Esq.
Timothy A. Duffy, Esq.
Robert C . .Finkel, Esq.
Fraser L. Hunter, Jr., Esq.
Victor E. Stewart, Esq.

MILBERG LLP
(>~· '->[1~·~-i-;- t ..,