Pacific West Health Medical Center Inc. Employees Retirement Trust et al v. Fairfield Greenwich Group et al

Filing 132

NOTICE of Supplemental Authority re: (359 in 1:09-cv-00118-VM-THK) JOINT MOTION to Dismiss Claims in the Second Consolidated Amended Complaint.. Document filed by Lourdes Barenche, Lourdes Barreneche, Vianney D'hendecourt, Fairfield Greenwich (Bermuda) Limited, Fairfield Greenwich (Bermuda) Ltd., Fairfield Greenwich Advisors L.L.C., Fairfield Greenwich Advisors, L.L.C., Fairfield Heathcliff Capital LLC, Fairfield Risk Services Ltd., Harold Greisman, Jacqueline Hararay, Jacqueline Harary, Richard Landsberger, Daniel Lipton, David Lipton, Julia Luongo, Mark Mckeefry, Charles Murphy, Corina Noel Piedrahita, Maria Teresa Pulido Mendozo, Santiago Reyes, Yanko Dellaw Schiava, Andrew Smith, Philip Toub. (Attachments: # 1 Exhibit A, # 2 Exhibit B, # 3 Exhibit C, # 4 Exhibit D, # 5 Exhibit E, # 6 Exhibit F)Filed In Associated Cases: 1:09-cv-00118-VM-THK et al.(Cunha, Mark)

Pacific West Health Medical Center Inc. Employees Retirement Trust et al ...ld Greenwich Group et al

Doc. 132

UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK -----------------------------------------------------------------x ANWAR, et al., Plaintiffs, v. FAIRFIELD GREENWICH LIMITED, et al., Defendants. This Document Relates To: All Actions -----------------------------------------------------------------x :: :: :: :: :: :: :: :: MASTER FILE NO. 09-CV-0118 (VM) :: :: :: :: :: ::

NOTICE OF SUPPLEMENTAL AUTHORITY Defendants1 respectfully request that the Court consider six recent decisions as supplemental authority in support of their motions to dismiss Plaintiffs' Second Consolidated Amended Complaint ("SCAC"). Romano v. Kazacos, Nos. 08-cv-6187, 08-cv-6190, 2010 WL 2574143 (2d Cir. June 29, 2010), attached as Exhibit A. The Second Circuit's decision is relevant to Defendants' argument that Plaintiffs' common law claims are precluded by the Securities Litigation Uniform Standards Act of 1998. Cornwell v. Credit Suisse Group, 08 Civ. 3758 (S.D.N.Y. July 27, 2010), attached as Exhibit B, and Tradex Global Master Fund v. Rieden, No. 09 Civ. 6395 (S.D.N.Y. July

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This Notice is submitted jointly on behalf of Fairfield Greenwich Ltd., Fairfield Greenwich (Bermuda) Ltd., Fairfield Greenwich Advisors LLC, Fairfield Risk Services Ltd., Fairfield Heathcliff Capital LLC, Daniel Lipton, Mark McKeefry, Walter Noel, Andrés Piedrahita, Jeffrey Tucker, Amit Vijayvergiya, Lourdes Barreneche, Yanko Della Schiava, Vianney d'Hendecourt, Jacqueline Harary, Harold Greisman, Julia Luongo, Maria Teresa Pulido Mendoza, Corina Piedrahita, Santiago Reyes, Philip Toub, David Horn, Robert Blum, Cornelis Boele, Richard Landsberger, Charles Murphy, Andrew Smith, Brian Francoeur, Ian Pilgrim, Citco Fund Services (Europe) B.V., Citco (Canada) Inc., Citco Global Custody N.V., Citco Bank Nederland N.V. Dublin Branch, Citco Fund Services (Bermuda) Ltd., PricewaterhouseCoopers LLP ("PwC Canada"), PricewaterhouseCoopers Accountants Netherlands N.V. ("PwC Netherlands") and PricewaterhouseCoopers International Limited ("PwC International").

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23, 2010), attached as Exhibit C. The decisions by Your Honor and Judge Daniels, respectively, are relevant to Defendants' argument that the federal securities law claims asserted by plaintiffs who purchased stock in Fairfield Sentry Limited and Fairfield Sigma Limited must be dismissed in light of Morrison v. National Australian Bank, No. 09-1191, 2010 WL 2518523 (June 24, 2010). MLSMK Investments Co. v. JP Morgan Chase & Co., 09 Civ. 4049 (BSJ) (S.D.N.Y. July 15, 2010), attached as Exhibit D. The decision by Judge Jones is relevant to Defendants' argument that Plaintiffs have not adequately pled scienter, as is required for their federal securities law claims and their common law fraud claims. Continental Casualty Co. v. PricewaterhouseCoopers, LLP, 2010 WL 2569187 (N.Y. June 29, 2010), attached as Exhibit E. The New York Court of Appeals' decision is relevant to Defendants' argument that Plaintiffs lack standing to bring their common law claims. Starr Foundation v. American International Group, Inc., 901 N.Y.S.2d 246 (App. Div. 1st May 27, 2010), attached as Exhibit F. The New York appellate court's decision is relevant to Defendants' argument that Plaintiffs' "holder" claims should be dismissed.

Dated: New York, New York July 28, 2010 SIMPSON THACHER & BARTLETT LLP By: _/s/ Mark G. Cunha_____________ Mark G. Cunha Peter E. Kazanoff 425 Lexington Ave. New York, NY 10017 [phone]

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

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