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IN RE NAT. CENTURY FINANCIAL ENTERS., INC., INV. LIT.

Case Nos. 2:03-md-1565, 2:03-cv-362.

905 F.Supp.2d 814 (2012)

In re NATIONAL CENTURY FINANCIAL ENTERPRISES, INC., INVESTMENT LITIGATION. Pharos Capital Partners, L.P., Plaintiff, v. Deloitte & Touche, L.L.P., et al., Defendants.

United States District Court, S.D. Ohio, Eastern Division.

October 26, 2012.

Attorney(s) appearing for the Case

Joseph F. Murray , Murray Murphy Moul & Basil, Columbus, OH, Alexander D. Widell , Bickel & Brewer, New York, NY, James S. Renard , Kenneth N. Hickox, Jr. , Robert M. Millimet , William A. Brewer, III , Bickel & Brewer, Michael Joseph Collins , Dallas, TX, for Plaintiff.

Andrew L. Goldman , Bartlit Beck Herman Palenchar & Scott, Chicago, IL, Sharon Katz , Davis Polk & Wardwell, Jeffrey Q. Smith , Steven G. Brody , Bingham McCutchen LLP, New York, NY, John K. Villa , Matthew B. Andelman , Robert M. Cary , Craig D. Singer , Williams & Connolly LLP, Washington, DC, Michael Roy Szolosi, Sr. , McNamara and McNamara, Thomas Leslie Long , Baker & Hostetler, Matthew L. Fornshell , Ice Miller LLP, Michael Proctor Graney , Simpson Thacher & Bartlett, Columbus, OH, for Defendants.

OPINION AND ORDER

JAMES L. GRAHAM, District Judge.

Plaintiff Pharos Capital Partners, L.P. brings this action against defendant Credit Suisse Securities LLC for fraud in connection with a failed $12 million equity investment. In 2002 Pharos purchased preferred stock in National Century Financial Enterprises, Inc. Credit Suisse acted as a co-placement agent on the stock offering, and, according to Pharos, should have told Pharos that National Century...

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