LAMBRECHT v. O'NEAL

No. 135, 2010.

3 A.3d 277 (2010)

N.A. LAMBRECHT and Miriam Loveman, Plaintiffs Below, Appellants, v. Stanley O'NEAL, et al., Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: August 27, 2010.


Attorney(s) appearing for the Case

Adam L. Balick , and Melony R. Anderson, Esquires , of Balick & Balick, LLC, Wilmington, Delaware; Bartholemew J. Dalton, Esquire , of Dalton & Associates, P.A., Wilmington, Delaware; for Appellants; OF COUNSEL: David A.P. Brower (argued) and Caitlin M. Moyna, Esquires , of Brower Piven, PC, New York, New York; for Appellant Loveman; OF COUNSEL: Jonathan W. Cuneo and Matthew E. Miller, Esquires , of Cuneo, Gilbert & Laduca, LLP, Washington, D.C.; Richard D. Greenfield, Esquire , of Greenfield & Goodman, LLC, New York, New York; for Appellant Lambrecht.

Paul J. Lockwood, Esquire (argued), of Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, Delaware; OF COUNSEL: Jay B. Kasner and Scott D. Musoff, Esquires , of Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York; for Appellees Bank of America Corporation and Merrill Lynch & Co., Inc.

A. Gilchrist Sparks, III, Esquire , of Morris Nichols Arsht & Tunnell, Wilmington, Delaware; OF COUNSEL: Gregory A. Markel, Esquire , of Cadwalader Wickersham & Taft LLP, New York, New York; for Appellees Christ, Codina, Colbert, Cribiore, Finnegan, Jonas, Peters, Prueher, Reese and Rossotti.

Collins J. Seitz, Jr., Esquire , of Connolly Bove Lodge & Hutz LLP; for Appellees O'Neal, Fakahany, Edwards, Fleming, Lattanzio, Mallach, Semerci and Thain; OF COUNSEL: Michael J. Chepiga and Kimberly A. Hamm, Esquires , of Simpson Thacher & Bartlett LLP, New York, New York; for Appellee O'Neal; OF COUNSEL: James N. Benedict , Andrew W. Robertson and Michael B. Weiner, Esquires , of Milbank, Tweed, Hadley & McCloy LLP, New York, New York; for Appellee Fakahany; OF COUNSEL: Jonathan D. Polkes and Stephen A. Radin, Esquires , of Weil, Gotshal & Manges LLP, New York, New York; for Appellee Fleming; OF COUNSEL: Hollis Gonerka Bart , Brian Dunefsky and Chaya F. Weinberg-Brodt, Esquires of Withers Bergman LLP, New York, New York; for Appellee Semerci; OF COUNSEL: Daniel J. Fetterman and Adam K. Grant, Esquires , of Kasowitz, Benson, Torres & Friedman LLP, New York, New York; for Appellee Lattanzio; OF COUNSEL: Henry Putzel , and Lucia T. Chapman, Esquires , of the Law Firm of Henry Putzel, III, New York, New York; for Appellee Mallach; OF COUNSEL: Andrew J. Levander and David S. Hoffner, Esquires , of Dechert LLP, New York, New York; for Appellee Thain; OF COUNSEL: Richard D. Bernstein , Antonio Yanez, Jr . and Sameer Advani, Esquires , of Willkie Farr & Gallagher LLP, New York, New York; for Appellee Edwards.

James J. Freebery, Esquire , of McCarter & English LLP, Wilmington, Delaware; OF COUNSEL: William M. Moran, Esquire , of McCarter & English LLP, New York, New York; for Appellee Kim.

Daniel A. Dreisbach, Esquire , of Richards Layton & Finger. P.A., Wilmington, Delaware; for Appellees Lewis and Curl; OF COUNSEL: Colby A. Smith, Esquire , of Debevoise & Plimpton LLP, Washington D.C.; Mary Jo White and Andrew J. Ceresney, Esquires , of Debevoise & Plimpton, LLP, New York, New York; for Appellee Lewis; OF COUNSEL: Elkan Abramowitz , Richard D. Weinberg and Eli J. Mark, Esquires , of Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer, P.C., New York, New York; for Appellee Curl.

Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices, constituting the Court en Banc.


JACOBS, Justice:

This is a proceeding, under Article IV, Section 11(8) of the Delaware Constitution and Supreme Court Rule 41, on a question of law certified to, and accepted by us, from the United States District Court for the Southern District of New York ("Southern District"). The certified question arises out of two factually related actions pending before The Honorable Jed S. Rakoff of the Southern District.

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