IN RE THORNBURG MORTGAGE, INC. SECURITIES LITIGATION

No. Civ 07-0815 JB/WDS.

683 F.Supp.2d 1236 (2010)

In re THORNBURG MORTGAGE, INC. SECURITIES LITIGATION.

United States District Court, D. New Mexico.

January 27, 2010.


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, Rachel S. Poplock, Martin E. Restituyo, Gregory Nespole, 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, Francis M. Gregorek, Rachele R. Rickert, Patrick Moran, Betsy C. Manifold, Wolf Haldenstein Adler Freeman & Herz, LLP, San Diego, CA, Charlotte Itoh, Cody Kelley, Kelley Law Offices, Shane C. Youtz, Turner W. Branch, Branch Law Firm, 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 the Plaintiffs.

Amy L. Neuhardt, Boies, Schiller & Flexner, LLP, Washington, D.C., 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.

Donald L. Flexner, Boies, Schiller & Flexner, LLP New York, NY, for Defendants Garrett Thornburg, Anne-Drue M. Anderson, David A. Ater, Eliot R. Cutler, Ike Kalangis, and Francis I. Mullin, III.

Frank T. Herdman, Rubin Katz Law Firm, P.C., 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.

David F. Cunningham, Thompson, Hickey, Cunningham, Clow & April, P.A., Santa Fe, NM., for Defendants Thornburg Mortgage, Inc., Garrett Thornburg, Larry A. Goldstone, Clarence G. Simmons, Anne-Drue M. Anderson, David A. Ater, Eliot R. Cutler, Ike Kalangis, and Francis I. Mullin, III.

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.

Joseph Goldberg, David A. Freedman, David H. Urias, Freedman Boyd Hollander Goldberg Ices & Duncan, P.A., for Defendants Joseph H. Badal, Paul Decoff, Michael Jefers, Owen Lopez, and Stuart Sherman.

Joel Sher, Shapiro Sher Guinot & Sandler, Baltimore, MA, Mary R. Jenke, Walsh Anderson Brown Aldridge & Gallegos, Albuquerque, NM, for Thornburg Mortgage, Inc.

Clifford K. Atkinson, John Thal, Atkinson & Thal, P.C., Albuquerque, NM, for Defendants AG 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 AG 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, for Defendants UBS Securities and Bear Sterns & Co.

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


MEMORANDUM OPINION AND ORDER

JAMES O. BROWNING, District Judge.

THIS MATTER comes before the Court on: (i) the Opposed Motion by May/June 2007 Underwriter Defendants to Dismiss Consolidated Class Action Complaint; Memorandum of Points and Authorities in Support Thereof, filed September 22, 2008 (Doc. 128)("May/June Underwriters' Motion"); (ii) the Opposed Motion to Dismiss of Underwriter Defendants UBS Securities LLC and Bear Stearns...

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