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IN RE MEDICAL CAPITAL SECURITIES LITIGATION

Case No. SACV 10-2145 DOC (RNBx).

842 F.Supp.2d 1208 (2012)

In re MEDICAL CAPITAL SECURITIES LITIGATION. This document relates to No. SACV 09-1048 DOC (RNBx). Steven Masonek, et al., Plaintiff(s), v. Wells Fargo Bank, N.A., et al., Defendant(s).

United States District Court, C.D. California.

January 31, 2012.

Attorney(s) appearing for the Case

Joel M. Cohen , Mark Kirsch , Rachel Lavery , Ladan F. Stewart , Gibson Dunn & Crutcher LLP, New York, NY, Joel Alan Feuer , Diana M. Feinstein , Timothy William Loose , Gibson Dunn & Crutcher LLP, Los Angeles, CA, for Bank of New York Mellon.

Lawrence C. Barth , Richard C. Chen , Marc T.G. Dworsky , Joshua P. Groban , Matthew A. MacDonald , Randall G. Sommer , Munger Tolles & Olson LLP, Los Angeles, CA, for Wells Fargo Bank, N.A.

David B. Dyer , Secore and Waller LLP, Dallas, TX, Susan C.V. Jones , Elkins, Kalt, Weintraub, Reuben, Gartside, LLP, Los Angeles, CA, for Cullum & Burks Securities, Inc.

Jeffrey K. Riffer , Susan C.V. Jones , Elkins, Kalt, Weintraub, Reuben, Gartside, LLP, Los Angeles, CA, for Cullum & Burks Securities, Inc./National Securities Corp.

Bruce Bettigole , Nicholas T. Christakos , Deborah G. Heilizer , Sutherland, Asbill & Brennan LLP, Washington, DC, Mike Margolis , Timothy J. Martin , Margolis & Tisman LLP, Los Angeles, CA, for Securities America, Inc./Securities America Financial Corp.

John S. Baker , Dorsey & Whitney LLP, Costa Mesa, CA, Peter W. Carter , Dorsey & Whitney LLP, Minneapolis, MN, for Ameriprise Financial, Inc.

David A. Baugh , Gara M. Sliwka , Baugh, Dalton, Carlson and Ryan, LLC, Chicago, IL, for Capital Financial Services, Inc.

Joseph P. Zampi , Zampi & Associates, San Diego, CA, for Signature Financial.

ORDER GRANTING MOTIONS TO DISMISS

DAVID O. CARTER, District Judge.

Before the Court are nine motions to dismiss filed by seven third-party broker dealer defendants ("BD Defendants") seeking to dismiss the third-party complaints filed by Wells Fargo Bank, N.A. ("Wells Fargo") and the Bank of New York Mellon ("BNYM") (collectively, the "Banks"). These motions are as follows: Cullum & Burks Securities, Inc.'s ("Cullum & Burks") Motion to Dismiss...

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