ABU DHABI COMMERCIAL BANK v. MORGAN STANLEY & CO.

No. 08 Civ. 7508(SAS).

888 F.Supp.2d 431 (2012)

ABU DHABI COMMERCIAL BANK, King County, Washington, SEI Investments Company, SEI Investment Strategies, LLC, The Bank of N.T. Butterfield & Son Limited, SFT Collective Investment Fund, Deutsche Postbank AG, Global Investment Services Limited, Gulf International Bank B.S.C., National Agricultural Cooperative Federation, State Board of Administration of Florida, Commonwealth of Pennsylvania Public School Employees' Retirement System, Bank SinoPac, Bank Hapoalim B.M., Commerzbank AG, and KBL European Private Bankers S.A., Plaintiffs, v. MORGAN STANLEY & CO. INCORPRATED, Morgan Stanley & Co. International Limited, Moody's Investors Service, Inc., Moody's Investors Service Ltd., Standard and Poor's Ratings Services and The McGraw Hill Companies, Inc., Defendants.

United States District Court, S.D. New York.

August 17, 2012.


Attorney(s) appearing for the Case

Patrick J. Coughlin, Esq. , Daniel S. Drosman, Esq. , Jessica T. Shinnefield, Esq. , Jarrett S. Charo, Esq. , Darryl J. Alvarado, Esq. , X. Jay Alvarez, Esq. , David C. Walton, Esq. , Robbins Geller Rudman & Dowd LLP, San Diego, CA, Samuel H. Rudman, Esq. , Robbins Geller Rudman & Dowd LLP, Melville, NY, Luke O. Brooks, Esq. , Jason C. Davis, Esq. , Robbins Geller Rudman & Dowd LLP, San Francisco, CA, for Plaintiffs.

Marc I. Gross, Esq. , Pomertantz Haudek Grossman & Gross LLP, New York, NY, for Plaintiff State Board of Administration of Florida.

James P. Rouhandeh, Esq. , Antonio J. Perez-Marques, Esq. , William R. Miller, Jr., Esq. , Jessica L. Freese, Esq. , Christopher J. Roche, Esq. , Andrew D. Schlichter, Esq. , Davis Polk & Wardwell LLP, New York, NY, for Defendants Morgan Stanley & Co. Incorporated and Morgan Stanley & Co. International Limited.

Joshua M. Rubins, Esq. , James J. Coster, Esq. , Mario Aieta, Esq. , Dai Wai Chin Feman, Esq. , Justin E. Klein, Esq. , Aaron M. Zeisler, Esq. , Satterlee Stephens Burke & Burke LLP, New York, NY, for Defendants Moody's Investors Service, Incorporated and Moody's Investors Service Limited.

Floyd Abrams, Esq. , Dean I. Ringel, Esq. , Tammy L. Roy, Esq. , Andrea R. Butler, Esq. , David Owen, Esq. , Adam N. Zurofsky, Esq. , Cahill Gordon & Reindel LLP, New York, NY, for Defendants Standard & Poor's Rating Services and The McGraw-Hill Companies, Incorporated.


OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge:

                                     Table of Contents
                                                                             Page

  I.  INTRODUCTION ...........................................................439

 II.  BACKGROUND .............................................................440
      A.  Undisputed...

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