ABU DHABI COMMERCIAL BANK v. MORGAN STANLEY & CO.

No. 08 Civ. 7508 (SAS).

921 F.Supp.2d 158 (2013)

ABU DHABI COMMERCIAL BANK, et al., Plaintiffs, v. MORGAN STANLEY & CO. INC., Morgan Stanley & Co. International Ltd., Moody's Investors Service, Inc., Moody's Investors Service Ltd., Standard and Poor's Ratings Services and The McGraw Hill Companies, Inc., Defendants.

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

February 1, 2013.


Attorney(s) appearing for the Case

Patrick J. Coughlin, Esq. , Daniel S. Drosman, Esq. , Jessica T. Shinnefield, Esq. , Jarrett S. Charo, Esq. , Darryl J. Alvarado, Esq. , Robbins Geller Rudman & Dowd LLP, San Diego, CA, Samuel H. Rudman, Esq. , Robbins Geller Rudman & Dowd LLP, Melville, NY, Luke O. Brooks, Esq. , Jason C. Davis, Esq. , Robbins Geller Rudman & Dowd LLP, San Francisco, CA, for Plaintiffs.

Marc I. Gross, Esq. , Tamar A. Weinrib, Esq. , Pomertantz Haudek Grossman & Gross LLP, New York, NY, for Plaintiff State Board of Administration of Florida.

James P. Rouhandeh, Esq. , Antonio J. Perez-Marques, Esq. , William R. Miller, Jr., Esq. , Davis Polk & Wardwell LLP, New York, NY, for Defendants Morgan Stanley & Co. Incorporated and Morgan Stanley & Co. International Limited.

Joshua M. Rubins, Esq. , James J. Coster, Esq. , Mario Aieta, Esq. , James I. Doty, Esq. , Satterlee Stephens Burke & Burke LLP, New York, NY, Mark A. Kirsch, Esq. , Christopher M. Joralemon, Esq. , Joel M. Cohen, Esq. , Lawrence J. Zweifach, Esq. , Mary K. Dunning, Esq. , Gibson, Dunn & Crutcher, LLP, New York, NY, for Defendants Moody's Investors Service, Incorporated and Moody's Investors Service Limited.

Floyd Abrams, Esq. , Dean I. Ringel, Esq. , Charles A. Gilman, Esq. , Tammy L. Roy, Esq. , Jason M. Hall, Esq. , Cahill Gordon & Reindel LLP, New York, NY, for Defendants Standard & Poor's Rating Services and The McGraw-Hill Companies, Incorporated.


OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

Defendants challenge this Court's subject matter jurisdiction under 28 U.S.C. § 13321 on the ground that joinder of the Commonwealth of Pennsylvania Public School Employees' Retirement System ("PSERS") and the State Board of Administration of Florida ("FSBA") destroys diversity jurisdiction...

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