07-2949-cv In Re: Parmalat Securities Litigation v.
1 UNITED STATES COURT OF APPEALS 3 FOR THE SECOND CIRCUIT 5 August Term, 2007 7 (Argued: November 29, 2007 Decided: July 22, 2008) 9 Docket No. 07-2949-cv 11 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x 13 ENRICO BONDI, EXTRAORDINARY COMMISSIONER OF PARMALAT 14 FINANZIARIA S.P.A. AND PARMALAT S.P.A., A/K/A NEW PARMALAT, 15 AND OTHER AFFILIATED ENTITIES, IN EXTRAORDINARY 16 ADMINISTRATION UNDER THE LAWS OF ITALY, 18 Appellants, 20 RENATO ESPOSITO, FONDAZIONE ITALO MONZINO, SOUTHERN ALASKA 21 CARPENTERS PENSION FUND, CRISTINA PONCIBO, MARGERY LOUISE 22 KRONENGOLD, ROBERT MCQUEEN, CUSTODIAN, INDIVIDUALLY AND ON 23 BEHALF OF ALL OTHERS SIMILARLY SITUATED, FERRI GIAMPOLO, 24 FOOD HOLDINGS LIMITED, DAIRY HOLDINGS LIMITED, G. JAMES 25 CLEAVER, GORDON I. MACRAE, GERALD K. SMITH, LAURA J. 26 STURAITIS, MONUMENTAL LIFE INSURANCE COMPANY, TRANSAMERICA 27 OCCIDENTAL LIFE INSURANCE COMPANY, TRANSAMERICA LIFE 28 INSURANCE COMPANY, AVIVA LIFE INSURANCE COMPANY, PRINCIPAL 29 GLOBAL INVESTORS, LLC, PRINCIPAL LIFE INSURANCE COMPANY, 30 SCOTTISH RE {US} INC., PARMALAT CAPITAL FINANCE LIMITED, 31 HARTFOLD LIFE INSURANCE COMPANY, G. PETER PAPPAS, PLAN 32 ADMINISTRATOR AND ERSTE SPARINVEST KAPITALANLAGEGESELLSCHAFT 33 M.B.H., 35 Plaintiffs, 37 - v.- 39 CAPITAL & FINANCE ASSET MANAGEMENT S.A., CATTOLICA 40 PARTECIPAZIONI S.P.A., HERMES FOCUS ASSET MANAGEMENT EUROPE 41 LIMITED, SOLOTRAT, SOCIETE MODERNE DES TERRASSEMENTS 42 PARISIENS, 2 Plaintiffs-Appellees, 4 BONLAT FINANCING CORPORATION, CALISTO TANZI, FAUSTO TONNA, 5 COLONIALE S.P.A., CITIGROUP INC., BUCONERO, LLC, ZINNI & 6 ASSOCIATES, P.C., DELOITTE TOUCHE TOHMATSU, DELOITTE & 7 TOUCHE S.P.A., A SOCIETA PER AZIONI UNDER THE LAWS OF ITALY, 8 GRANT THORNTON S.P.A., A SOCIETA PER AZIONO UNDER THE LAWS 9 OF ITALY NOW KNOWN AS ITALAUDIT, S.P.A., NOW KNOWN AS 10 ITALAUDIT, S.P.A, ,, DEUTSCHE BANK AG, MORGAN STANLEY & CO., 11 INCORPORATED, BANK OF AMERICA CORPORATION, JAMES E. COPELAND 12 JR., PARMALAT FINANZIARIA S.P.A., STEFANO TANZI, LUCIANO DEL 13 SOLDATO, DOMENICO BARILI, FRANCESCO GIUFFREDI, GIOVANNI 14 TANZI, DELOITTE & TOUCHE USA, LLP., DELOITTE & TOUCHE 15 L.L.P., CREDIT SUISSE FIRST BOSTON, BANC OF AMERICA 16 SECURITIES LIMITED, BANK OF AMERICA, N.A., CITIBANK, EUREKA 17 SECURITISATION PLC, VIALATTEA LLC, PAVIA E ANSALDO, BANCA 18 NAZIONALE DEL LAVORO S.P.A., CITIBANK, N.A., MARIA 19 MARTELLINI, PROFESSOR, BANCA INTESA S.P.A., BANK OF AMERICA 20 NATIONAL TRUST & SAVINGS ASSOCIATION, BANC OF AMERICA 21 SECURITIES, LLC, BANK OF AMERICA INTERNATIONAL, LTD., 22 DELOITTE & TOUCHE TOHMATSU AUDITORES INDEPENDENT, CREDIT 23 SUISSE INTERNATIONAL, CREDIT SUISSE SECURITIES LIMITED, 24 CREDIT SUISSE, CREDIT SUISSE GROUP, GRANT THORNTON 25 INTERNATIONAL AND GRANT THORNTON LLP, 27 Defendants. 29 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x
31 Before: JACOBS, Chief Judge, B.D. PARKER and 32 WESLEY, Circuit Judges. 34 Appeal from an order of the United States District
35 Court for the Southern District of New York (Kaplan, J.),
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