817 F.3d 56 (2nd Cir. 2016), 15-2229, Rinehart v. Lehman Brothers Holdings Inc.

Docket Nº:15-2229
Citation:817 F.3d 56
Opinion Judge:Per Curiam
Party Name:ALEX E. RINEHART, on behalf of himself and all others similarly situated, JO ANNE BUZZO, MONIQUE MILLER FONG, on behalf of herself and others similarly situated, MARIA DESOUSA, LINDA DEMIZIO, Plaintiffs-Appellants, v. LEHMAN BROTHERS HOLDINGS INC., RICHARD S. FULD, JR., MACOMBER, ERIN M. CALLAN, WENDY M. UVINO, THE EMPLOYEE BENEFIT PLANS COMMIT...
Attorney:DANIEL W. KRASNER (Matthew M. Guiney, Wolf Haldenstein Adler Freeman & Herz LLP, New York, NY; Thomas J. McKenna, Gregory Egleston, Gainey McKenna & Egleston, New York, NY, on the brief), Wolf Haldenstein Adler Freeman & Herz LLP, New York, NY, for Plaintiffs-Appellants Alex E. Rinehart, on behal...
Judge Panel:Before: JACOBS, WESLEY, and LIVINGSTON, Circuit Judges.
Case Date:March 18, 2016
Court:United States Courts of Appeals, Court of Appeals for the Second Circuit
 
FREE EXCERPT

Page 56

817 F.3d 56 (2nd Cir. 2016)

ALEX E. RINEHART, on behalf of himself and all others similarly situated, JO ANNE BUZZO, MONIQUE MILLER FONG, on behalf of herself and others similarly situated, MARIA DESOUSA, LINDA DEMIZIO, Plaintiffs-Appellants,

LOCALS 302 AND 612 OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS-EMPLOYERS CONSTRUCTION INDUSTRY RETIREMENT FUND, CITY OF SOUTH SAN FRANCISCO, CITY OF LONG BEACH, COUNTY OF TUOLUMNE, CITY OF FREMONT, NEW JERSEY CARPENTERS HEALTH FUND, BOILERMAKER-BLACKSMITH NATIONAL PENSION TRUST, NEW JERSEY CARPENTERS HEALTH FUND, on behalf of itself and all others similarly situated, AMERICAN NATIONAL INSURANCE COMPANY, AMERICAN NATIONAL LIFE INSURANCE COMPANY OF TEXAS, COMPREHENSIVE INVESTMENT SERVICES INC., THE MOODY FOUNDATION, WASHINGTON STATE INVESTMENT BOARD, CHRISTOPHER CORDARO, individually and on behalf of all others similarly situated, SYLVIA REMER, ED DAVIS, JUAN TOLOSA, ARTHUR SIMONS, RALPH ROSATO, TRUSTEE J. HARRY PICKLE, ZENITH INSURANCE CO., STATE OF NEW JERSEY, DEPARTMENT OF TREASURY, DIVISION OF INVESTMENT, LINDA HARRIS, An Individual, MARIA LANE, Individually and as Trustee of the Lane Family Trust UAD 2004, MICHAEL LANE, Individually and as Trustee of the Lane Family Trust UAD 2004, STEPHEN P. GOTT, MOHAN ANANDA, RICHARD BARRETT, NEEL DUNCAN, NICK FOTINOS, FRED MANDELL, BARBARA MOSKOWITZ, STACEY OYLER, RONALD PROFILI, LAWRENCE ROSE, JOE ROTTMAN, ROY WIEGERT, MIRIAM WOLF, ISLAND MEDICAL GROUP RETIREMENT TRUST, f/b/o Irwin Ingwer, DAVID KOTZ, CARLA LA GRASSA, STUART RATNOW, SYDNEY RATNOW, STATE COMPENSATION INSURANCE FUND, CITY OF CERRITOS, CITY OF AUBURN, CITY OF BURBANK, CITY OF SAN BUENAVENTURA, CONTRA COSTA WATER DISTRICT, SAN MATEO COUNTY INVESTMENT POOL, VALLEJO ANITATION & FLOOD CONTROL DISTRICT, MARY A. ZEEB, BEN JOSEPH TRUST, EPSTEIN TRUST, STICHTING PENSIOENFONDS ABP, ALISON CHARLES, RENAUD FOURNIER, LYDIA LOSCHIAVO, ALAMEDA COUNTY EMPLOYEES' RETIREMENT ASSOCIATION, AMERICAN EUROPEAN INSURANCE COMPANY, GOVERNMENT OF GUAM RETIREMENT FUND, INTER-LOCAL PENSION FUND GRAPHIC COMMUNICATIONS CONFERENCE OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS, MARSHA KOSSEFF, NORTHERN IRELAND LOCAL GOVERNMENT OFFICERS' SUPERANNUATION COMMITTEE, OPERATING ENGINEERS LOCAL 3 TRUST FUND, OPERATIVE PLASTERERS AND CEMENT MASONS INTERNATIONAL ASSOCIATION LOCAL 262 ANNUITY FUND, Individually and on behalf of all others similarly situated, POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT, TEAMSTERS ALLIED BENEFIT FUNDS, THE CITY OF EDINBURGH COUNCIL AS ADMINISTERING AUTHORITY OF THE LOTHIAN PENSION FUND, THE PENSION FUND GROUP, BROCKTON CONTRIBUTORY RETIREMENT SYSTEM, RICK FLEISCHMAN, STEPHEN GOTT, ISLAND MEDICAL GROUP, KARIM KANO, MICHAEL KARFUNKEL, ANN LEE, FRANCISCO PEREZ, RONALD PROFILI, SHEA-EDWARDS LIMITED PARTNERSHIP, FRED TELLING, GRACE WANG, ZAHNISER TRUST, ANTHONY PEYSER, On behalf of himself and all others similarly situated, STEPHEN P. GOTT, On behalf of himself, All others similarly situated, BELMONT HOLDINGS CORP., individually and on behalf of all others similarly situated, KATHY ROONEY, on behalf of themselves and all others similarly situated, JEFFREY STARK, on behalf of themselves and all others similarly situated, STANLEY TOLIN, ENRIQUE AZPIAZU, STUART BREGMAN, ROBERTA CIACCI, ROBERT FEINERMAN, IRWIN INGWER, PHYLLIS INGWER, ISLAND MEDICAL GROUP PENSION PLAN, f/b/o Irwin Ingwer, FRANKLIN KASS, CHRISTOPHER LEWIS, on behalf of himself and the Entertainment Group, AURORA PEREZ, CUAUHTEMOC PEREZ, DIANA PEREZ, TRUSTEE J. HARRY PICKLE, GASTROENTEROLOGY ASSOCIATES PROFIT SHARING TRUST FBO CHARLES M. BROOKS M.D., ALEJANDRO SILVA, DAVID SOSNA, MORTGAGE TRUST 2007-6, ALASKA ELECTRICAL PENSION FUND, On behalf of itself and all others similarly situated, FOUNDATION PROPERTY MANAGEMENT, INC., RHF FOUNDATION INC., RETIREMENT HOUSING FOUNDATION, COUNTY OF ALAMEDA, BERNICE KAUFMAN, as trustee of the Irene Kaufman Trust, IRENE KAUFMAN, as trustee of the Irene Kaufman Trust, ARTHER N. ABBEY, FIFTH-NINTH STREET INVESTORS LLC, ADINA SCHRON, JTWROS, AVI SCHRON, JOSEPH P. DANIS, RENA CALDWELL, on behalf of themselves and all others similarly situated, GLEN DEATHROW, on behalf of himself and all others similarly situated, MADELINE DIMODICA, on behalf of herself and all other similarly situated, BARBARA KATTELL, on behalf of himself and all other similarly situated, CECIL MEASE, on behalf of themselves and all others similarly situated, HENRY NAPIRALA, LINDA NAPIRALA, MICHAEL SHIPLEY, on behalf of themselves and all others similarly situated, Plaintiffs,

v.

LEHMAN BROTHERS HOLDINGS INC., RICHARD S. FULD, JR., MACOMBER, ERIN M. CALLAN, WENDY M. UVINO, THE EMPLOYEE BENEFIT PLANS COMMITTEE, JOHN DOE, 1-10, MARY PAT ARCHER, AMITABH ARORA, MICHAEL BRANCA, EVELYNE ESTEY, ADAM FEINSTEIN, DAVID ROMHILT, Defendants-Appellees, LEHMAN BROTHERS HOLDINGS INC., EMPLOYEE BENEFIT PLANS COMMITTEE, BOARD OF DIRECTORS LEHMAN BROTHERS HOLDINGS, INC., BENEFITS COMMITTEE, MOODY'S INVESTORS SERVICE, INC., MCGRAW-HILL COMPANIES, INC., MOODY'S CORPORATION, ERNST & YOUNG, LLP, BRIAN M. CLARKSON, MICHAEL KANEF, MOODY'S INVESTORS SERVICE, INC., FIDELITY MANAGEMENT TRUST COMPANY, ANZ SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., RBC CAPITAL MARKETS CORPORATION, ABN AMRO INCORPORATED, WILLIAMS CAPITAL GROUP L.P., BBVA SECURITIES INC., GREENWICH CAPITAL MARKETS, INC., SUNTRUST CAPITAL MARKETS, INC., CIBC WORLD MARKETS CORP., HSBC SECURITIES (USA) INC., HVB CAPITAL MARKETS, INC., M.R. BEAL & COMPANY, BNP PARIBAS S.A., ING FINANCIAL MARKETS LLC, MELLON FINANCIAL MARKETS, LLC, NATIXIS BLEICHROEDER INCORPORATED, SANTANDER INVESTMENT SECURITIES INC., SG AMERICAS SECURITIES HOLDINGS, LLC, WELLS FARGO SECURITIES, LLC, NATIONAL AUSTRALIA CAPITAL MARKETS, LLC, CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID, HARRIS NESBITT CORP., DZ FINANCIAL MARKETS LLC, FORTIS SECURITIES, LLC, RBS GREENWICH CAPITAL, BMO CAPITAL MARKETS CORP., MIZUHO SECURITIES USA, INC., MURIEL SIEBERT & CO., INC., SCOTIA CAPITAL (USA) INC., SOVEREIGN SECURITIES CORPORATION, LLC, UTENDAHL CAPITAL PARTNERS, L.P., BANK DEFENDANTS, BANKIA, S.A., RAYMOND MCDANIEL, JR., RBS WCS HOLDING COMPANY, DAIWA CAPITAL MARKETS EUROPE LIMITED, BNY CAPITAL MARKETS, INC., WACHOVIA CAPITAL MARKETS, LLC, BNY MELLON CAPITAL MARKETS, LLC, MCGRAW-HILL COMPANIES, INC., A.G. EDWARDS & SONS, INC., BANC OF AMERICA SECURITIES LLC, BBVA SECURITIES INC., COMMERZBANK CAPITAL MARKETS CORP., FIDELITY CAPITAL MARKETS, LOOP CAPITAL MARKETS, LLC, MORGAN STANLEY & CO. LLC, RAYMOND JAMES & ASSOCIATES, INC., UBS SECURITIES LLC, WACHOVIA SECURITIES, LLC, ZIONS DIRECT, INC., CALYON SECURITIES (USA) INC., COUNTRYWIDE SECURITIES CORPORATION, HYPO CAPITAL MARKETS, INC., LASALLE FINANCIAL SERVICES, INC., EDWARD D. JONES & CO., L.P., NATIONAL AUSTRALIA BANK LIMITED, RBC DAIN RAUSCHER INCORPORATED, BANK OF NEW YORK CAPITAL MARKETS, INC., CIBC WORLD MARKETS CORP., DNB NOR MARKETS INC., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, SIEBERT CAPITAL MARKETS, STANDARD CHARTERED BANK, SUNTRUST ROBINSON HUMPHREY, INC., TD SECURITIES (USA) LLC, J.P. MORGAN SECURITIES LLC, CITIGROUP INC., RBS SECURITIES INC., HARRIS NESBITT, SOCIETE GENERALE CORPORATE & INVESTMENT BANKING, CITIGROUP GLOBAL MARKETS REALTY CORP., BBVA SECURITIES INC., BANC OF AMERICA SECURITIES LLC, CABRERA CAPITAL MARKETS, LLC, D.A. DAVIDSON & CO., DAVENPORT & COMPANY LLC, FERRIS, BAKER WATTS, INC., FIFTH THIRD SECURITIES, INC., FIXED INCOME SECURITIES, INC., H & R BLOCK FINANCIAL ADVISORS, INC., JACKSON SECURITIES LLC, JANNEY MONTGOMERY SCOTT LLC, KEEFE, BRUYETTE & WOODS, INC., KEYBANC CAPITAL MARKETS, INC., MAXIM GROUP LLC, MESIROW FINANCIAL, INC., MORGAN KEEGAN & COMPANY, INC., NATIONAL FINANCIAL SERVICES LLC, OPPENHEIMER & CO., INCORPORATED, ROBERT W. BAIRD & CO. INCORPORATED, SMH CAPITAL INC., SCOTT & STRINGFELLOW, INC., STIFEL, NICOLAUS & COMPANY, INCORPORATED, STONE & YOUNGBERG LLC, TD AMERITRADE HOLDING CORPORATION, VINING SPARKS IBG, LP, ZIONS DIRECT, INC., WACHOVIA CAPITAL FINANCE, B.C. ZIEGLER AND COMPANY, CREDIT SUISSE SECURITIES (USA) LLC, PIPER JAFFRAY & CO., DZ FINANCIAL MARKETS LLC, LANA FRANKS, EDWARD GRIEB, RICHARD MCKINNEY, KRISTINE SMITH, JAMES J. SULLIVAN, SAMIR TABET, MARK L. ZUSY, ABN AMRO HOLDING N.V, CABRERA CAPITAL MARKETS LLC, CHARLES SCHWAB & CO., INC., NABCAPITAL SECURITIES, LLC, THE WILLIAMS CAPITAL GROUP, L.P., PIPER JAFFRAY & CO., DAVID GOLDFARB, HERBERT H. MCDADE, III, THOMAS RUSSO, MARK WALSH, JERRY GARCIA, An Individual, BNP PARIBAS, KATHLEEN FULD, JOHN C. ANDERSON, JAMES ESPOSITO, FINANCIAL ASSETS SECURITIES CORPORATION, GREENWICH CAPITAL ACCEPTANCE, INC., NOW KNOWN A RBS ACCEPTANCE INC., GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., now known as RBS Financial Products Inc., GREENWICH CAPITAL MARKETS, INC., now known as RBS Securities Inc., CAROL P. MATHIS, ROBERT J. MCGINNIS, JOSEPH N. WALSH, III, BANCA IMI, S.P.A., ARKANSAS ACTIONS BANK DEFENDANTS, ARKANSAS
...

To continue reading

FREE SIGN UP