Irving H. Picard v. Saul B. Katz et al

Filing 20

MOTION to Dismiss THE AMENDED COMPLAINT OR, IN THE ALTERNATIVE, FOR SUMMARY JUDGMENT. Document filed by Charles 15 Associates, Charles 15 LLC, Charles Sterling LLC, Charles Sterling Sub LLC, College Place Enterprises LLC, Coney Island Baseball Holding Company LLC, Estate of Leonard Schreier, FFB Aviation LLC, FS Company LLC, Fred Wilpon Family Trust, Arthur Friedman, Ruth Friedman, Iris J. Katz and Saul B. Katz Family Foundation, Inc., Judy and Fred Wilpon Family Foundation, Inc., Amy Beth Katz, David Katz, Dayle Katz, Gregory Katz, Howard Katz, Iris Katz, 157 J.E.S. LLC, Air Sterling LLC, BAS Aircraft LLC, Jason Bacher, Bon Mick Family Partners LP, Bon-Mick, Inc., Brooklyn Baseball Company LLC, C.D.S. Corp., Michael Katz, Saul B. Katz, Todd Katz, Katz 2002 Descendants' Trust, Heather Katz Knopf, Natalie Katz O'Brien, Mets II LLC, Mets Limited Partnership, Mets One LLC, Mets Partners, Inc., Minor 1 (REDACTED), Minor 2 (REDACTED), L. Thomas Osterman, Phyllis Rebell Osterman, Realty Associates Madoff II, Red Valley Partners, Robbinsville Park LLC, Ruskin Garden Apartments LLC, Saul B. Katz Family Trust, Michael Schreier, Deyva Schreier Arthur, See Holdco LLC, See Holdings I, See Holdings II, Sterling 10 LLC, Sterling 15C LLC, Sterling 20 LLC, Sterling Acquisitions LLC, Sterling American Advisors II LP, Sterling American Property III LP, Sterling American Property IV LP, Sterling American Property V LP, Sterling Brunswick Corporation, Sterling Brunswick Seven LLC, Sterling Dist Properties LLC, Sterling Equities, Sterling Equities Associates, Sterling Equities Investors, Sterling Heritage LLC, Sterling Internal V LLC, Sterling Jet II Ltd., Sterling Jet Ltd., Sterling Mets Associates, Sterling Mets Associates II, Sterling Mets LP, Sterling Pathogenesis Company, Sterling Third Associates, Sterling Thirty Venture LLC, Sterling Tracing LLC, Sterling Twenty Five LLC, Sterling VC IV LLC, Sterling VC V LLC, Edward M. Tepper, Elise C. Tepper, Jacqueline G. Tepper, Marvin B. Tepper, Valley Harbor Associates, Kimberly Wachtler, Philip Wachtler, Bruce N. Wilpon, Daniel Wilpon, Debra Wilpon, Fred Wilpon, Jeffrey Wilpon, Jessica Wilpon, Judith Wilpon, Richard Wilpon.(Wagner, Karen)

Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, New York 10017
Telephone:
[phone]
Facsimile:
[phone]
Attorneys for the Sterling Defendants
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
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SECURITIES INVESTOR PROTECTION
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CORPORATION,
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Plaintiff-Applicant,
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- against :
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BERNARD L. MADOFF INVESTMENT
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SECURITIES LLC,
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Defendant.
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In re:
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BERNARD L. MADOFF,
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Debtor.
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IRVING H. PICARD,
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Plaintiff,
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- against :
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SAUL B. KATZ, et al.
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Defendants.
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Adv. Pro. No. 08-01789 (BRL)
SIPA LIQUIDATION
(Substantively Consolidated)

Adv. Pro. No. 10-05287 (BRL)

NOTICE OF MOTION TO DISMISS THE AMENDED COMPLAINT
OR, IN THE ALTERNATIVE, FOR SUMMARY JUDGMENT

PLEASE TAKE NOTICE that upon the accompanying Memorandum of Law in
Support of Sterling Defendants’ Motion to Dismiss the Amended Complaint Or, In the
Alternative, For Summary Judgment, Statement of Undisputed Material Facts Pursuant to
Local Bankruptcy Rule 7056-1, Declaration of Dana M. Seshens, dated March 20, 2011,
and the exhibits attached thereto, Declaration of Saul B. Katz, dated March 19, 2011,
Declaration of Ashok Chachra, dated March 16, 2011, the pleadings and papers on file in
this action, and on such other and further evidence as may be presented prior to, and at,
the hearing on this motion, the Sterling Defendants, by their undersigned counsel, will
move before the Honorable Burton R. Lifland, United States Bankruptcy Judge, at the
United States Bankruptcy Court, One Bowling Green, New York, NY 10004, on June 29,
2011, at 10:00 a.m. or as soon thereafter as counsel may be heard, for an Order
dismissing the amended complaint filed in the above-captioned action on March 18, 2011
pursuant to Fed. R. Bankr. P. 7012, or, in the alternative, granting summary judgment
pursuant to Fed. R. Bankr. P. 7056, entering judgment as a matter of law in favor of the
Sterling Defendants, and granting such other and further relief as the Court deems just
and proper.
PLEASE TAKE FURTHER NOTICE that papers in opposition to the motion and
on reply in further support of the motion shall be served and filed in accordance with the
Stipulation and Order entered in this proceeding on February 22, 2011.

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Dated: New York, New York
March 20, 2011
DAVIS POLK & WARDWELL LLP
By: s/ Karen E. Wagner
Karen E. Wagner
Dana M. Seshens
450 Lexington Avenue
New York, New York 10017
Telephone: [phone]
Facsimile: [phone]
Attorneys for the Sterling Defendants

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