JOHN HANCOCK LIFE INS. CO. v. JP MORGAN CHASE

No. 12 Civ. 3184(RJS).

938 F.Supp.2d 440 (2013)

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.), et al., Plaintiffs, v. JP MORGAN CHASE & CO., et al., Defendants.

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

March 29, 2013.


Attorney(s) appearing for the Case

Geoffrey Coyle Jarvis , and Deborah A. Elman of Grant & Eisenhofer P.A., New York, NY, for Plaintiffs.

Penny Shane , Allison Joan Cambria , David Allen Castleman , and Robert Andrew Sacks of Sullivan and Cromwell, LLP, New York, NY, for JPM Defendants (unless otherwise noted) and Third-Party Plaintiff JP Morgan Chase Bank, N.A.

Meredith Eve Kotler of Cleary Gottlieb Steen & Hamilton, LLP, New York, NY, for Defendants Banc of America Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., and Merrill Lynch & Co.

John E. Zummo and Michelle Dianne Velasquez of Vedder Price P.C., Chicago, IL, for Defendant CSE Mortgage, LLC.

Robert F. Serio , Aric Hugo Wu , Jonathan Brian Austin , and Lawrence Jay Zweifach of Gibson, Dunn & Crutcher, LLP, New York, NY, for Defendants Deutsche Bank Securities Inc. and UBS Securities LLC.

Joel Charles Haims and Lashann Moutique DeArcy of Morrison & Foerster LLP, New York, NY, for Defendants Sara Bonesteel, Thomas F. Marano and Michael B. Nierenberg.

Joel Charles Haims and Lashann Moutique DeArcy of Morrison & Foerster LLP, and Robert Andrew Sacks of Sullivan and Cromwell, LLP, New York, NY, for Defendant Marc R. Kittner.

Richard Aframe Edlin , Candace Marie Camarata , and Ronald Daniel of Lefton of Greenberg Traurig, LLP, New York, NY, for Defendant Jeffrey Mayer.

Pamela Rogers Chepiga and Josephine Alice Cheatham of Allen & Overy, New York, NY, for Defendant Samuel L. Molinaro, Jr.

Dani R. James and Jade Anne Burns of Kramer Levin Naftalis & Frankel, LLP, New York, NY, for Defendant Jeffrey L. Verschleiser.

Scott Hu Christensen and William Robert Stein of Hughes Hubbard & Reed LLP, Washington, DC, and Andrew J. Dober and Thomas M. Clark of the Federal Deposit Insurance Corporation, Arlington, VA, for Third Party Defendant Federal Deposit Insurance Corporation.


MEMORANDUM AND ORDER

RICHARD J. SULLIVAN, District Judge:

Plaintiffs1 bring this suit against a collection of corporate and individual Defendants, alleging violations of §§ 11, 12(a)(2), and 15 of the Securities Act of 1933 (the "Securities Act"), 15 U.S.C. §§ 77k, 77l (a)(2) & 77o, and New York common law in connection with the sale of a number of residential mortgage-backed securities....

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