ARGO GLOBAL SPECIAL SITUATIONS v. WELLS FARGO BANK

Civil No. 10-3614 (SRN/JJG).

810 F.Supp.2d 906 (2011)

ARGO GLOBAL SPECIAL SITUATIONS FUND; Argo Distressed Credit Fund; Black River EMCO Master Fund Ltd; Black River Emerging Markets Credit Fund Ltd.; BlueBay Multi-Strategy (Master) Fund Limited; BlueBay Specialised Funds: Emerging Market Opportunity (Master) Fund; CarVal (CVI GVF (Lux)) Master S.a.r.l; Standard Americas, Inc.; and Standard Bank Plc, Plaintiffs, v. WELLS FARGO BANK, N.A., as Indenture Trustee; Tristan Oil, Ltd., a British Virgin Islands Company; GLG Atlas Macro Fund; Renaissance Securities (Cyprus) Limited; Vision Advisors III Limited; and Sputnik Group Ltd., Defendants.

United States District Court, D. Minnesota.

August 30, 2011.


Attorney(s) appearing for the Case

Michael B. Fisco and Michael M. Krauss , Faegre & Benson LLP, Minneapolis, for Plaintiffs.

Anthony B. Ullman , Salans LLP, New York, NY; and Jon S. Swierzewski , Larkin Hoffman Daly & Lindgren Ltd., Minneapolis, MN, for Defendant, Tristan Oil, Ltd.

Joseph T. Dixon, Jr. , and John N. Bisanz , Henson & Efron, P.A., Minneapolis, MN; and Michael E. Wiles , Christopher K. Tahbaz , Lisa Howley , and Natalie L. Reid , Debevoise & Plimpton LLP, for Defendants, GLG Atlas Macro Fund; Renaissance Securities (Cyprus) Limited; and Vision Advisors III Limited.


MEMORANDUM OPINION AND ORDER

SUSAN RICHARD NELSON, District Judge.

This matter is before the Court on the motions to dismiss brought by Defendant Tristan Oil, Ltd. (Doc. No. 25), and by Defendants GLG Atlas Macro Fund, Renaissance Securities (Cyprus) Limited, and Vision Advisors III Limited (Doc. No. 56). For the reasons stated below, this Court grants the motions insofar as they seek dismissal for lack of subject-matter jurisdiction.

I. FACTUAL...

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