Anwar et al v. Fairfield Greenwich Limited et al

Filing 157

RULE 26(f) DISCOVERY PLAN REPORT.Document filed by Fairfield Greenwich Advisors L.L.C., Inter-Amrerican Trust, Elvira 1950 Trust, Bonaire Limited, Carlos Gauch, Walter M. Noel, Jr, Andres Piedrahita, Jeffrey Tucker, Brian Francouer, Amit Vigayvergia, Pasha S. Anwar, CITCO Fund Services (Europe) B.V., Julia Anwar, Citco Canada Inc., Fairfield Greenwich Limited, Loana Ltd., Wall Street Securities, S.A., Banco General, S.A., Harvest Dawn International Inc., El Prado Trading, Omawa Investment Corporation, Carmel Ventures Ltd., Traconcorp, Blythel Associated Corp., Marrekesh Resources, Centro Inspection Agency, Kalandar International, Landville Capital Management S.A., 20/20 Investments, AXA Private Management, St. Stephen's School, Diversified Investments Associates Class A Units, ABR Capital Fixed Option/Income Strategic Fund LP, Harel Investment and Financial Services Ltd., Pacific West Health Medical Center Inc. Employees Retirement Trust(On behalf of Itself), Pacific West Health Medical Center Inc. Employees Retirement Trust(on Behalf of All Others Similarly Situated), Yanko Dellaw Schiava, Philip Toub, Lourdes Barreneche, Cornelis Boele, Vianney D'hendecourt, Jacqueline Harary, David Horn, Fairfield Greenwich (Bermuda) Ltd., Richard Landsberger, David Lipton, Julia Luongo, Mark Mckeefry, Maria Teresa Pulido Mendozo, Charles Murphy, Santiago Reyes, Andrew Smith.(Singer, Stuart)

Anwar et al v. Fairfield Greenwich Limited et al

Doc. 157

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ANWAR, et al., Plaintiffs -againstFAIRFIELD GREENWICH LIMITED, et al., Defendants Master File No. 09-cv-0118(VM)

JOINT RULE 26(f) DISCOVERY PLAN Pursuant to the Rule 26(f) conference, held on May 7, 2009, and the Court's March 11, 2009 Civil Case Management Plan and Scheduling Order (the "CMO"), the Plaintiffs, Anwar et al. ("Plaintiffs"), and Defendants hereby submit their Rule 26(f)(3) joint discovery plan. Defendants submit this report without waiving any defenses, including defenses as to personal jurisdiction. Plaintiffs filed a Consolidated Amended Complaint on April 24, 2009. Subsequent to the Rule 26(f) conference, on May 20 Plaintiffs advised Defendants that if they are appointed lead counsel for purposes of the federal securities claims, they will be seeking leave to file a Second Consolidated Amended Complaint (the "SCAC") including claims under the federal securities laws that are subject to the Private Securities Litigation Reform Act (the "PSLRA"). The parties agree that the Court should determine

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the lead plaintiff and lead counsel issue for the federal securities claims. It is Plaintiffs' position that discovery and disclosures should continue to proceed, although under an amended CMO, because of the non-federal claims in the case. It is Defendants' position that because Plaintiffs will assert claims subject to the PSLRA discovery stay, and because a new complaint will be filed, the deadlines set forth in the CMO do not remain in effect. The parties propose, subject to approval by this Court, to make contemporaneous letter-brief submissions to the Court within seven business days from the filing of the SCAC setting forth their positions with respect to the stay and proposed modifications to the CMO. 1. Subpart (A), what changes should be made in the timing, form,

or requirement for disclosures under Rule 26(a), including a statement of when initial disclosures were made or will be made: The CMO provided that "[i]nitial disclosure pursuant to Fed. R. Civ. P. 26(a)(1) is to be completed within 14 days of the date of the parties' conference pursuant to Rule 26(f), which shall be held within 14 days from the date that Plaintiffs serve the Consolidated Amended Complaint on the Defendants." The parties held a Rule 26(f) conference on May 7, 2009. Plaintiffs provided their initial disclosures on May 21, 2009. Defendants will provide initial disclosures if and when required under applicable law, or by order of this Court, after disposition of the PSLRA stay issue, proposed modifications to the CMO, and entry of an appropriate confidentiality order. 2. Subpart (B), the subjects on which discovery may be needed,

when discovery should be completed, and whether discovery should be conducted in phases or be limited to or focused on particular issues: At the May 7, 2009 Rule 26(f)

conference, the parties discussed the scope, timing, timing of responses to, other issues concerning documentary discovery, the prospect of settlement, and other issues reflected herein. Subject to the Court's resolution of the PSLRA stay issue, the parties have agreed that discovery should go forward in a manner set forth in an amended CMO and in light of the Court's disposition of the PSLRA stay issue. This is without prejudice to Plaintiffs' right to file a motion for relief from any stay of discovery that may apply. 3. Subpart (C), any issues about disclosure or discovery of

electronically stored information, including the form or forms in which it should be produced: Electronic discovery, when permitted, including discovery of emails, will be based on Plaintiffs' discovery requests that are not objected to by Defendants. Electronic discovery of the Defendants that are Fairfield Greenwich entities and associated personnel (the "Fairfield Defendants") will initially be conducted through the use of search terms agreed to by Plaintiffs and the Fairfield Defendants. The Fairfield Defendants will inform Plaintiffs of search terms they have previously used for relevant document requests in related investigations, and the volume of results from use of those terms, and those parties will negotiate any additional search terms or other matters that may be necessary. 4. Subpart (D), any issues about claims of privilege or of protection

as trial-preparation materials, including--if the parties agree on a procedure to assert these claims after production--whether to ask the court to include their agreement in an order: The parties agreed to enter into a confidentiality stipulation and submit a proposed order, which will include provisions that inadvertent disclosure during

the course of discovery does not constitute a waiver of privilege, and which will be submitted to the Court for approval. 5. Subpart (E), what changes should be made in the limitations on

discovery imposed under these rules or by local rule, and what other limitations should be imposed: The parties will confer further concerning appropriate limitations on the number of depositions and interrogatories in light of the complexity of this matter and the Court's resolution of the PSLRA stay issue and proposed modification of the CMO. 6. Subpart (F), any other orders that the court should issue under

Rule 26(c) or under Rule 16(b) and (c): A decision by the Court on the PSLRA stay issue and proposed modifications to the CMO is required. As noted above, the parties propose, with Court approval, to submit letter-briefs simultaneously on these issues by seven business days from the filing of the SCAC. Further orders, such as orders on confidentiality, privilege logs, and electronic discovery, may be requested by the parties. Dated: May 29, 2009 Respectfully submitted, By: \s\Stuart H. Singer

David Boies BOIES, SCHILLER & FLEXNER LLP 333 Main Street Armonk, NY 10504 Telephone: [phone] Facsimile: [phone] David A. Barrett BOIES, SCHILLER & FLEXNER LLP 575 Lexington Avenue New York, NY 10022

Telephone: [phone] Facsimile: [phone] Stuart H. Singer Sashi Bach Boruchow BOIES, SCHILLER & FLEXNER LLP 401 East Las Olas Boulevard, #1200 Ft. Lauderdale, Florida 33301 Telephone: [phone] Facsimile: [phone] Robert C. Finkel James A. Harrod E. Elizabeth Robinson WOLF POPPER LLP 845 Third Avenue New York, NY 10022 Telephone: [phone] Facsimile: 212.486.2093 Christopher Lovell Victor E. Stewart LOVELL STEWART HALEBIAN LLP 61 Broadway New York, NY 10006 Telephone: [phone] Interim Co-Lead Counsel for Plaintiffs

SIMPSON THACHER & BARTLETT LLP By: \s\ Mark G. Cunha Michael J. Chepiga Mark G. Cunha Peter E. Kazanoff 425 Lexington Ave. New York, NY 10017 [phone]

WHITE & CASE LLP By: \s\ Glenn Kurtz Glenn Kurtz Andrew Hammond 1155 Avenue of the Americas New York, NY 10036 [phone]

Attorneys for Fairfield Greenwich Limited, Fairfield Greenwich (Bermuda) LTD., Fairfield Heathcliff Capital LLC, Fairfield Greenwich Advisors LLC, Fairfield Risk Services Ltd., Fairfield Greenwich (UK) Limited, Lourdes Barreneche, Vianney D'Hendecourt, Yanko Della Schiava, Harold Greisman, Jacqueline Harary, Richard Landsberger, Daniel Lipton, Julia Luongo, Mark McKeefry, Maria Teresa Pulido Mendoza, Charles Murphy, Santiago Reyes, Andrew Smith, and Philip Toub DECHERT LLP

Attorneys for Walter M. Noel, Jr.

KASOWITZ BENSON TORRES & FRIEDMAN LLP By: \s\ Marc Kasowitz Marc Kasowitz Daniel J. Fetterman 1633 Broadway New York, NY 10019 [phone]

By:

\s\ Andrew Levander Andrew Levander David Hoffner 1095 Avenue of the Americas New York, NY 10036 [phone]

Attorney for Andres Piedrahita

Attorneys for Jeffrey Tucker

DEBEVOISE & PLIMPTON LLP By: \s\ Mark Goodman Mark Goodman Helen Cantwell 919 Third Avenue New York, NY 10022 [phone]

LAW OFFICES OF KENNETH A. ZITTER By: \s\ Kenneth A. Zitter Kenneth A. Zitter 260 Madison Avenue, 18th Floor New York, NY 10016 [phone] Attorneys for Brian Francoeur MORVILLO, ABRAMOWITZ, GRAND, IASON & BOHRER, P.C. By: \s\ Robert J. Anello Robert J. Anello 565 Fifth Avenue New York, NY 10017 [phone] Attorneys for David Horn CURTIS, MALLET-PREVOST, COLT & MOSLE LLP By: \s\ Eliot Lauer Eliot Lauer Michael Moscato 101 Park Avenue, New York, NY 10178 [phone] Attorneys for Citco Fund Services (Europe) BV and Citco (Canada) Inc.

Attorneys for Amit Vijayvergiya O'SHEA PARTNERS LLP By: \s\ Sean F. O'Shea Sean F. O'Shea 521 Fifth Avenue, 25th Floor New York, NY 10175 [phone] Attorneys for Cornelis Boele GILBRIDE HELLER & BROWN, P.A. By: \s\ Lewis N. Brown Lewis N. Brown 1 Biscayne Tower, 15th Fl. 2 S. Biscayne Blvd, Miami, FL 33131 [phone] Attorneys for Citco Fund Services (Europe) BV and Citco (Canada) Inc.

CERTIFICATE OF SERVICE I HEREBY CERTIFY that a true and correct copy of the foregoing has been served on this 29st day of May 2009 via the CM/ECF System upon the following individuals:

Mark G. Cunha Michael Joseph Chepiga Paul Jacob Sirkis Peter Eric Kazanoff SIMPSON THACHER & BARTLETT LLP 425 Lexington Avenue New York, NY 10017 Glenn Kurtz WHITE & CASE LLP 1155 Ave of the Americas New York, NY 10036 Andrew J. Levander David Scott Hoffner Jennie Boehm Krasner DECHERT LLP 1095 Avenue of the Americas New York, NY 10036-6797 Adam K. Grant Daniel R. Benson Daniel J. Fetterman Marc E. Kasowitz KASOWITZ, BENSON, TORRES & FRIEDMAN, LLP 1633 Broadway New York, NY 10019 Kenneth A. Zitter LAW OFFICES OF KENNETH A. ZITTER 260 Madison Avenue New York, NY 10016

Helen Virginia Cantwell Mark P. Goodman DEBEVOISE & PLIMPTON LLP 919 Third Avenue 31st Floor New York, NY 10022 Amanda Mcgovern Dyanne Eyce Feinberg Elizabeth A. Izquierdo Lewis Nathan Brown Terence Michael Mullen GILBRIDE HELLER & BROWN P.A 2 South Biscayne Blvd, One Biscayne Tower - Suite 1570 Miami, FL 33131 Eliot Lauer Michael J. Moscato Timothy Neil McCabe CURTIS, MALLET-PREVOST, COLT & MOSLE, LLP 101 Park Avenue New York, NY 10178 Edward M. Spiro Robert James Anello Claudio Godinez Roumain Ochoa MORVILLO, ABRAMOWITZ, GRAND, IASON, ANELLO & BOHRER, P.C 565 Fifth Avenue New York, NY 10017

Catherine A. Torrell Daniel S. Sommers Joshua Seth Devore Steven Jeffrey Toll COHEN, MILSTEIN, SELLERS & TOLL, P.L.L.C. 150 East 52nd Street 30th Floor New York, NY 10022 Jean Lee Kent Andrew Bronson Kristi Stahnke McGregor Robert Alan Wallner MILBERG LLP One Pennsylvania Plaza New York, NY 10119 Daniel W. Krasner Demet Basar Gregory Mark Nespole WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP 270 Madison Avenue New York, NY 10016

Evelyn Harrison Seeler William M. O'Connor Vivian Margarita Arias CROWELL & MORING LLP 590 Madison Avenue New York , NY 10022 Robert S. Schachter David Robert Kromm Hillary Sobel Jeffrey Charles Zwerling Stephanie Elizabeth Kirwan Stephen Leland Brodsky ZWERLING, SCHACHTER & ZWERLING 41 Madison Avenue New York, NY 10010 Matthew Buckley Emily Nicklin Mindy M. Yu Timothy A. Duffy KIRKLAND & ELLIS LLP 300 North LaSalle Chicago, IL 60654

\s\Sashi Bach Boruchow Sashi Bach Boruchow