GENESEE COUNTY v. THORNBURG MORTGAGE SECURITIES

No. CIV 09-0300 JB/KBM.

825 F.Supp.2d 1082 (2011)

GENESEE COUNTY EMPLOYEES' RETIREMENT SYSTEM; Maryland-National Capital Park & Planning Commission Employees' Retirement System; Midwest Operating Engineers Pension Trust Fund, Individually and on behalf of All Others Similarly Situated, Plaintiffs, v. THORNBURG MORTGAGE SECURITIES TRUST 2006-3; Thornburg Mortgage Securities Trust 2006-5; Thornburg Mortgage Securities Trust 2007-4; Greenwich Capital Acceptance, Inc.; Structured Asset Mortgage Investments II, Inc.; Credit Suisse Securities LLC d/b/a Credit Suisse Securities (USA) LLC; RBS Securities Inc.; Banc of America Securities LLC; Robert J. McGinnis; Carol P. Mathis; Joseph N. Walsh, III; John C. Anderson; James M. Esposito; Jeffrey L. Verschleiser; Michael B. Nierenberg; Jeffrey Mayer; Thomas F. Marano; Moody's Corp.; Moody's Investors Services, Inc.; McGraw-Hill Companies, Inc.; Standard & Poor's Rating Services; Fitch, Inc.; and Fitch Ratings, Defendants.

United States District Court, D. New Mexico.

November 12, 2011.


Attorney(s) appearing for the Case

David J. Goldsmith , Laura Killian Mummert , Paul Scarlato , Stefanie J. Sundel , Thomas A. Dubbs , Labaton Sucharow, LLP, New York, NY, and William H. Carpenter , Carpenter Stout & Ransom, Ltd., Albuquerque, NM, and David F. Cunningham , Thompson, Hickey, Cunningham, Clow & April, P.A., Santa Fe, NM, for Plaintiff, Genesee County Employees' Retirement System.

Darren J. Robbins , Jonah H. Goldstein , Danielle S. Myers , Robbins Geller Rudman & Dowd, LLP, San Diego, CA, for Plaintiffs, Maryland-National Capital Park & Planning Commission Employees' Retirement System and Midwest Operating Engineers Pension Trust Fund.

Victor R. Ortega , Jaime Rae Kennedy , Montgomery & Andrews, P.A., Santa Fe, NM, and Robert F. Serio , Aric H. Wu , Jason W. Myatt , Jonathan C. Dickey , Dean J. Kitchens , Gibson, Dunn & Crutcher, LLP, New York, NY, for Defendants, Greenwich Capital Acceptance, Inc., Structured Asset Mortgage Investments II, Inc.

Victor R. Ortega , Jaime Rae Kennedy , Montgomery & Andrews, P.A., Santa Fe, NM, and Robert F. Serio , Aric H. Wu , Gibson, Dunn & Crutcher, LLP, New York, NY, for Defendants, Robert J. McGinnis, Carol P. Mathis, Joseph N. Walsh III, John C. Anderson, and James M. Esposito, Credit Suisse Securities LLC.

Dani R. James , Jade A. Burns , Kramer Levin Naftalis & Frankel, LLP, New York, NY, and Eric R. Burris , Brownstein Hyatt Farber Schreck , Albuquerque, NM, for Defendant, Jeffrey L. Verschleiser.

Jaime Rae Kennedy , Montgomery & Andrews, P.A., Santa Fe, NM, and Joel Haims , Allison Schnieders , Morrison & Foerster LLP, New York, NY, for Defendant, Michael B. Nierenberg.

Eric R. Burris , Brownstein Hyatt Farber Schreck, Albuquerque, NM, and Candace Camarata , Richard Edlin , Ronald Lefton , Greenberg Traurig, LLP, New York, NY, for Defendant, Jeffrey Mayer.

Joel Haims , Allison Schnieders , Morrison & Foerster LLP, New York, NY, and Victor R. Ortega , Jaime Rae Kennedy , Montgomery & Andrews, P.A., Santa Fe, NM, for Defendant, Thomas F. Marano.

Victor R. Ortega , Jaime Rae Kennedy , Montgomery & Andrews, P.A., Santa Fe, NM, and Bradley J. Butwin , Jonathan Rosenberg , William J. Sushon , O'Melveny & Myers, LLP, New York, NY, for Banc of America Securities LLC.

Luis G. Stelzner , Robert P. Warburton , Stelzner, Winter, Warburton, Flores, Sanchez & Dawes, P.A., Albuquerque, NM, and James J. Coster , Josh M. Rubins , Saterlee Stephens Burke & Burke, LLP, New York, NY, for Defendant, Moody's Corp.

Floyd Abrams , Adam Zurofsky , Christopher A. Gorman , Tammy Lynn Roy , Cahill Gordon & Reindel, LLP, New York, NY, and Mark F. Sheridan , Kristina Martinez , Holland & Hart, LLP, Santa Fe, NM, for McGraw-Hill Companies, Inc.

Michael R. Comeau , Marshall G. Martin , Comeau, Maldegen, Templeman & Indall, LLP, Santa Fe, NM, and Andrew J. Ehrlich , Jason D. Williamson , Martin Flumenbaum , Julian Wood , Paul, Weiss, Rifkind, Wharton & Garrison, LLP, New York, NY, for Fitch Ratings.


MEMORANDUM OPINION AND AMENDED ORDER

JAMES O. BROWNING, District Judge.

THIS MATTER comes before the Court on: (i) the Opposed Motion to Dismiss of Defendants Greenwich Capital Acceptance, Inc. (n/k/a RBS Acceptance Inc.), Structured Asset Mortgage Investments II, Inc., Credit Suisse Securities (USA) LLC, RBS Securities Inc. (f/k/a Greenwich Capital Markets, Inc.), Robert J. McGinnis, Carol...

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