Louisiana Stadium and Exposition District et al v. Financial Guaranty Ins. Co.

Filing 68

OPINION & ORDER: For the reasons elucidated above, Defendants' motion for judgment on the pleadings [dkt. no. 35 in No. 09 Civ. 5404; dkt. no. 28 in No. 09 Civ. 6770] as to Counts Four through Ten is GRANTED; those counts are dismissed with pre judice as the pleadings are closed. The motion is DENIED as to Counts One through Three, although those may not be predicated on post-August Disclosure alleged misstatement or omissions for the reasons stated in Part IV.C., supra. In keeping with t he Court's state-law statute of limitations analysis, see supra note 6, any state-law claims predicated on the nondisclosure of the SEC investigation or the alleged conflicts of interest that caused pre-August Disclosure damages are time barred. (Signed by Judge Loretta A. Preska on 11/30/2010) Filed In Associated Cases: 1:09-md-02030-LAP, 1:09-cv-05404-LAP, 1:09-cv-06770-LAP (lnl)