BONDI v. CAPITAL & FINANCE ASSET MANAGEMENT S.A.

Docket No. 07-2949-cv.

535 F.3d 87 (2008)

Enrico BONDI, Extraordinary Commissioner of Parmalat Finanziaria S.P.A. and Parmalat S.P.A., a/k/a New Parmalat, and other Affiliated Entities, In Extraordinary Administration Under the Laws of Italy, Appellants, Renato Esposito, Fondazione Italo Monzino, Southern Alaska Carpenters Pension Fund, Cristina Poncibo, Margery Louise Kronengold, Robert McQueen, Custodian, Individually and on Behalf of all Others Similarly Situated, Ferri Giampolo, Food Holdings Limited, Dairy Holdings Limited, G. James Cleaver, Gordon I. MacRae, Gerald K. Smith, Laura J. Sturaitis, Monumental Life Insurance Company, Transamerica Occidental Life Insurance Company, Transamerica Life Insurance Company, Aviva Life Insurance Company, Principal Global Investors, LLC, Principal Life Insurance Company, Scottish Re {US} Inc., Parmalat Capital Finance Limited, Hartfold Life Insurance Company, G. Peter Pappas, Plan Administrator and Erste Sparinvest Kapitalanlagegesellschaft M.B.H., Plaintiffs, v. CAPITAL & FINANCE ASSET MANAGEMENT S.A., Cattolica Partecipazioni S.P.A., Hermes Focus Asset Management Europe Limited, Solotrat, Societe Moderne des Terrassements Parisiens, Plaintiffs-Appellees, Bonlat Financing Corporation, Calisto Tanzi, Fausto Tonna, Coloniale S.P.A., Citigroup Inc., Buconero, LLC, Zinni & Associates, P.C., Deloitte Touche Tohmatsu, Deloitte & Touche S.P.A., A Societa Per Azioni Under the Laws of Italy, Grant Thornton S.P.A., A Societa Per Aziono Under the Laws of Italy Now Known As Italaudit, S.P.A., Now Known As Italaudit, S.P.A., Deutsche Bank AG, Morgan Stanley & Co., Incorporated, Bank of America Corporation, James E. Copeland Jr., Parmalat Finanziaria S.P.A., Stefano Tanzi, Luciano del Soldato, Domenico Barili, Francesco Giuffredi, Giovanni Tanzi, Deloitte & Touche USA, LLP., Deloitte & Touche L.L.P., Credit Suisse First Boston, Banc of America Securities Limited, Bank of America, N.A., Citibank, Eureka Securitisation PLC, Vialattea LLC, Pavia E. Ansaldo, Banca Nazionale del Lavoro S.P.A., Citibank, N.A., Maria Martellini, Professor, Banca Intesa S.P.A., Bank of America National Trust & Savings Association, Banc of America Securities, LLC, Bank of America International, Ltd., Deloitte & Touche Tohmatsu Auditores Independent, Credit Suisse International, Credit Suisse Securities Limited, Credit Suisse, Credit Suisse Group, Grant Thornton International and Grant Thornton LLP, Defendants.

United States Court of Appeals, Second Circuit.

Decided: July 22, 2008.


Attorney(s) appearing for the Case

Kathleen Sullivan (John B. Quinn, Peter E. Calamari, Loren Kieve, Terry L. Wit, Sanford I. Weisburst, Angela Nguyen, and William B. Adams, on the brief), Quinn Emanuel Urquhart Oliver & Hedges, LLP, New York, NY, for Appellants.

James J. Sabella (Stuart M. Grant, John C. Kairis, and Diane Zilka, on the brief), Grant & Eisenhofer P.A., New York, NY; Steven J. Toll, Lisa M. Mezzetti, Mark S. Willis, and Joshua S. Devore, on the brief, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Washington, DC; Robert M. Roseman, Andrew D. Abramowitz, Daniel J. Mirarchi, and Rachel E. Kopp of counsel, Spector Roseman & Kodroff, PC, Philadelphia, PA, for Plaintiff-Appellees.

Before: JACOBS, Chief Judge, B.D. PARKER and WESLEY, Circuit Judges.


DENNIS JACOBS, Chief Judge:

This appeal is taken from an order of the United States District Court for the Southern District of New York (Kaplan, J.), denying the motion by a debtor in foreign bankruptcy proceedings to enjoin actions brought against it in the United States. In re Parmalat Sec. Litig., 493 F.Supp.2d 723 (S.D.N.Y.2007). The debtor is the entity that emerged from Parmalat's Italian bankruptcy proceedings...

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