Anwar et al v. Fairfield Greenwich Limited et al

Filing 189

NOTICE of Supplemental Authority in Support of re: #173 MOTION to Vacate Consolidation Order and To Appoint Movants' Counsel as Co-Lead Derivative Counsel.. Document filed by Miguel Lomeli, Morning Mist Holdings Limited. (Wallner, Robert)

Anwar et al v. Fairfield Greenwich Limited et al

Doc. 189

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ----------------------------------ญญญญญญญญx : : ANWAR, et al. v. FAIRFIELD GREENWICH LIMITED, et al. : : : ----------------------------------ญญญญญญญญx

Master File No. 09 CV 0118 (VM) 09 CV 5012 (VM) (Morning Mist Action) 09 CV 2366 (VM) (Ferber Action) 09 CV 2588 (VM) (Pierce Action)

MORNING MIST PLAINTIFFS' NOTICE OF SUPPLEMENTAL AUTHORITY IN SUPPORT OF THEIR MOTION TO VACATE CONSOLIDATION ORDER AND TO APPOINT MOVANTS' COUNSEL AS CO-LEAD DERIVATIVE COUNSEL

MILBERG LLP One Pennsylvania Plaza New York, New York 10119 Tel.: [phone] Fax: [phone] SEEGER WEISS LLP One William Street New York, New York 10004 Tel.: [phone] Fax: [phone] Attorneys for Plaintiffs

Dockets.Justia.com

Plaintiffs in the Morning Mist derivative action respectfully bring to the Court's attention the recent decision in South Cherry Street, LLC v. Hennessee Group LLC, in which the Second Circuit affirmed the dismissal, on pleading grounds, of a federal securities claim against an advisor who had recommended investment in a fund that was part of a Ponzi scheme. No. 073658-cv, 2009 U.S. App. LEXIS 15467, at *1-2, 36-46 (2d Cir. July 14, 2009). The decision is relevant to issues raised in plaintiffs' June 24, 2009 memorandum, including the point that the Anwar Interim Class Counsel's decision to amend their pleading to assert federal securities claims -- which they previously stated "was not in the best interests of the class" -- will further delay the derivative cases and prejudice the derivative plaintiffs. See Mem. at 6-10 (Dkt. 175, 09 CV 0118). Dated: July 17, 2009 Respectfully submitted, /s/ Robert A. Wallner Robert A. Wallner Kent A. Bronson Jean Lee MILBERG LLP One Pennsylvania Plaza New York, New York 10119 Tel.: [phone] Fax: [phone] [e-mail] [e-mail] [e-mail] Stephen A. Weiss James E. O'Brien III Christopher M. Van de Kieft SEEGER WEISS LLP One William Street New York, New York 10004 Tel.: [phone] Fax: [phone]

[e-mail] [e-mail] [e-mail] Attorneys for Plaintiffs

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