IN RE THORNBURG MORTG., INC. SECURITIES LITIGATION

No. CIV 07-0815 JB/WDS.

885 F.Supp.2d 1097 (2012)

In re THORNBURG MORTGAGE, INC. SECURITIES LITIGATION.

United States District Court, D. New Mexico.

July 24, 2012.


Attorney(s) appearing for the Case

Frederick S. Fox , Aviah Cohen Pierson , Kaplan Fox & Kilsheimer, Nancy Kaboolian , Abbey Spanier Rodd Abrams & Paradis, LLP, Curtis V. Trinko , Law Offices of Curtis V. Trinko, LLP, Fred T. Isquith , Gregory Nespole , Rachel S. Poplock , Martin E. Restituyo , Wolf Haldenstein Adler Freeman & Herz, LLP, New York, NY, Richard A. Lockridge , Nathan D. Prosser , Karen H. Riebel , Lockridge Gindal Nauen & Holstein, Minneapolis, MN, Evan J. Smith , Brodsky & Smith, L.L.C., Mineola, NY, David R. Scott , Scott & Scott, LLC, Colchester, CT, Arthur Shingler, III , Scott & Scott, LLP, Betsy C. Manifold , Francis M. Gregorek , Rachele R. Rickert , Patrick Moran , Wolf Haldenstein Adler Freeman & Herz, LLP, San Diego, CA, Charlotte Itoh , Cody Kelley , Kelley Law Offices, Turner W. Branch , Branch Law Firm, Shane C. Youtz , Albuquerque, NM, Andrew Zivitz , Benjamin Sweet , Michelle Newcomer , Richard Russo, Jr. , Sean M. Handler , Stewart L. Berman , D. Seamus Kaskela , Barroway Topaz Kessler Meltzer & Check, LLP, Radnor, PA, for Plaintiffs.

Amy L. Neuhardt , Boies, Schiller & Flexner, LLP, Washington, DC, Donald L. Flexner , Philip C. Korologos , Boies, Schiller & Flexner, LLP, New York, NY, for Defendants Garrett Thornburg, Anne-Drue M. Anderson, David A. Ater, Joseph H. Badal, Eliot R. Cutler, Ike Kalangis, Francis I. Mullin, III, Stuart C. Sherman, and Paul G. Decoff.

Frank T. Herdman , Rubin Katz Law Firm, P.C., David F. Cunningham , Thompson, Hickey, Cunningham, Clow & April, P.A., Santa Fe, NM, William H. Forman , Scheper Kim & Overland, LLP, Los Angeles, CA, for Defendants Thornburg Mortgage, Inc., Garrett Thornburg, Larry A. Goldstone, Clarence G. Simmons, Anne-Drue M. Anderson, David A. Ater, Joseph H. Badal, Eliot R. Cutler, Michael B. Jeffers, Ike Kalangis, Owen M. Lopez, Francis I. Mullin, III, and Stuart C. Sherman.

Clinton W. Marrs , Tax, Estate & Business Law, N.A., LLC, Albuquerque, NM, for Defendants Larry A. Goldstone and Clarence G. Simmons.

Robert Badal , Wilmer Cutler Pickering Hale and Dorr LLP, Los Angeles, CA, for Defendants Thornburg Mortgage, Inc., Larry A. Goldstone, Clarence G. Simmons, Michael B. Jeffers, and Owen M. Lopez.

Joel Sher , Shapiro Sher Guinot & Sandler, Baltimore, MD, Mary R. Jenke , Walsh Anderson Brown Aldridge & Gallegos, John Thal , Atkinson & Thal, P.C., Albuquerque, NM, Attorneys for Thornburg Mortgage, Inc., Clifford K. Atkinson, for Defendants A.G. Edwards & Sons, Inc., BB & T Capital Markets, UBS Securities, Citigroup Global Markets Inc., Friedman, Billings, Ramsey & Co., Oppenheimer & Company, Inc., RBC Dain Rauscher Corp., Stifel, Nicolaus & Company, Inc., and Bear Sterns & Co.

Jonathan C. Dickey , Gibson, Dunn & Crutcher, LLP, New York, NY, Dean J. Kitchens , Lindsay R. Pennington , Gibson, Dunn & Crutcher, LLP, Los Angeles, CA, for Defendants A.G. Edwards & Sons, Inc., BB & T Capital Markets, Citigroup Global Markets Inc., Oppenheimer & Company, Inc., RBC Dain Rauscher Corp., and Stifel, Nicolaus & Company, Inc.

David Bohan , David Stagman , Katten Muchin Rosenman, LLP, Chicago, IL, Attorneys for Defendants UBS Securities and Bear Sterns & Co.

William Pittard , Williams & Connolly, LLP, Washington, D.C., Attorneys for Defendant Friedman, Billings, Ramsey & Co.


MEMORANDUM OPINION

JAMES O. BROWNING, District Judge.

THIS MATTER comes before the Court on: (i) the Plaintiffs' Unopposed Motion for Preliminary Approval of Settlement and Joint Stipulation of Settlement and Release, filed April 16, 2012 (Doc. 386) ("Motion for Preliminary Approval"); and (ii) the Court's Order Preliminarily Approving Settlement and Providing for Notice, filed April 23, 2012 (Doc. 387) ("Order"). The primary issue is whether the...

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