KING COUNTY, WA v. IKB DEUTSCHE INDUSTRIEBANK AG

No. 09 Civ. 8387 (SAS).

863 F.Supp.2d 288 (2012)

KING COUNTY, WASHINGTON, and Iowa Student Loan Liquidity Corporation, Plaintiffs, v. IKB DEUTSCHE INDUSTRIEBANK AG, IKB Credit Asset Management, GmbH, Moody's Investors Service, Inc., Moody's Investors Service Limited, The McGraw Hill Companies, Inc. (d/b/a Standard & Poor's Ratings Services), Fitch, Inc., Morgan Stanley & Co. Incorporated, and Morgan Stanley & Co. International Limited, Defendants.

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

May 4, 2012.


Attorney(s) appearing for the Case

Daniel S. Drosman, Esq. , Jessica T. Shinnefield, Esq. , Darryl J. Alvarado, Esq. , Anne L. Box, Esq. , James A. Caputo, Esq. , Patrick J. Coughlin, Esq. , Nathan R. Lindell, Esq. , David C. Walton, Esq. , X Jay Alvarez, Esq. , Christina A. Royce, Esq. , Robbins, Geller, Rudman & Dowd, LLP, San Diego, CA, Luke O. Brooks, Esq. , Jason C. Davis, Esq. , Robbins, Geller, Rudman & Dowd, San Francisco, CA, Samuel H. Rudman, Esq. , Jarrett S. Charo, Esq. , David A. Rosenfeld, Esq. , Robert M. Rothman, Esq. , Robbins, Geller, Rudman & Dowd, LLP, Melville, NY, for Plaintiffs King County, Washington and Iowa Student Loan Liquidity Corporation.

James P. Rouhandeh, Esq. , Antonio Jorge Perez-Marques, Esq. , William Ross Miller, Jr. Esq. , Christopher Joseph Roche, Esq. , Andrew Dickens Schlichter, Esq. , Davis, Polk & Wardwell, L.L.P., New York, NY, for Defendants Morgan Stanley & Co., Inc. and Morgan Stanley & Co. International Limited.

John D. McFerrin-Clancy, Esq. , Zachary D. Rosenbaum , Lowenstein Sandler PC, New York, NY, Thomas E. Redburn, Jr., Esq. , Jennifer Jane McGruther, Esq. , Michael James Hampson, Esq. , Lowenstein Sandler PC, for Defendants IKB Deutsche Industriebank AG and IKB Credit Asset Management, GmbH.

Mario Aieta, Esq. , James J. Coster, Esq. , Joshua M. Rubins, Esq. , Justin E. Klein, Esq., James J. Regan, Esq. , Joshua M. Rubins, Esq. , Aaron M. Zeisler, Esq. , Satterlee, Stephens, Burke & Burke, LLP, New York, NY, for Defendants Moody's Investors Service Limited and Moody's Investors Service, Inc.

Dean I. Ringel, Esq. , Andrea R. Butler, Esq. , Floyd Abrams, Esq. , Jason M. Hall, Esq. , Brian T. Markley, Esq. , Tammy L. Roy, Esq. , Adam N. Zurofsky, Esq. , Cahill, Gordon & Reindel LLP, New York, NY, for Defendant The McGraw Hill Companies, Inc. d/b/a Standard & Poor's Rating Services.

Andrew J. Ehrlich, Esq. , Martin Flumenbaum, Esq. , Donna M. Ioffredo, Esq. , Roberta A. Kaplan, Esq. , Mark S. Silver, Esq. , Tobias J. Stern, Esq. , Julia Tarver-Mason Wood, Esq. , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendant Fitch, Inc.


OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

Institutional investors King County, Washington ("King County") and Iowa Student Loan Liquidity Corporation ("ISL") bring this action to recover losses stemming from the October, 2007 collapse of Rhinebridge, a structured investment vehicle ("SIV"). Plaintiffs' First Amended Complaint included claims of common law fraud and aiding and abetting fraud against two individuals...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases