09-4302-cv (L) In re: Parmalat Securities Litigation 2 UNITED STATES COURT OF APPEALS 4 FOR THE SECOND CIRCUIT 5 ____________________________________ 7 August Term, 2011 9 Argued: December 7, 2011 Decided: February 21, 2012 11 Docket Nos. 09-4302-cv (L); 09-4306-cv (con); 12 09-4373-cv (con) 13 ____________________________________ 15 PARMALAT CAPITAL FINANCE LIMITED, 17 Plaintiff-Appellant, 19 DR. ENRICO BONDI, EXTRAORDINARY COMMISSIONER OF PARMALAT FINANZIARIA 20 S.P.A., PARMALAT S.P.A., AND OTHER AFFILIATED ENTITIES, IN 21 EXTRAORDINARY ADMINISTRATION UNDER THE LAWS OF ITALY, 23 Plaintiff-Counter-Defendant-Third-Party-Defendant-Appellant, 25 CAPITAL & FINANCE ASSET MANAGEMENT S.A., CATTOLICA PARTECIPAZIONI 26 S.P.A., HERMES FOCUS ASSET MANAGEMENT EUROPE LIMITED, ERSTE 27 SPARINVEST KAPITALANLAGEGESELLSCHAFT M.B.H., SOLOTRAT, SOCIETE 28 MODERNE DES TERRASSEMENTS PARISIENS, RENATO ESPOSITO, FONDAZIONE 29 ITALO MONZINO, SOUTHERN ALASKA CARPENTERS PENSION FUND, ON BEHALF OF 30 ITSELF AND ALL OTHERS SIMILARLY SITUATED, CRISTINA PONCIBO, MARGERY 31 LOUISE KRONENGOLD, ROBERT MCQUEEN, CUSTODIAN, INDIVIDUALLY AND ON 32 BEHALF OF ALL OTHERS SIMILARLY SITUATED, FERRI GIAMPOLO, FOOD 33 HOLDINGS LIMITED, DAIRY HOLDINGS LIMITED, G. JAMES CLEAVER, GORDON 34 I. MACRAE, GERALD K. SMITH, LAURA J. STURAITIS, MONUMENTAL LIFE 35 INSURANCE COMPANY, TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY, 36 TRANSAMERICA LIFE INSURANCE COMPANY, AVIVA LIFE INSURANCE COMPANY, 37 PRINCIPAL GLOBAL INVESTORS, LLC, PRINCIPAL LIFE INSURANCE COMPANY, 38 SCOTTISH RE (US) INC., HARTFORD LIFE INSURANCE COMPANY, PLAN 39 ADMINISTRATOR G. PETER PAPPAS, 41 Plaintiffs, 1 - v. - 3 BANK OF AMERICA CORPORATION, BANC OF AMERICA SECURITIES LIMITED, 4 BANK OF AMERICA, N.A., BANK OF AMERICA NATIONAL TRUST & SAVINGS 5 ASSOCIATION, BANC OF AMERICA SECURITIES LLC, BANK OF AMERICA 6 INTERNATIONAL, LTD., GRANT THORNTON INTERNATIONAL, LTD., 8 Defendants-Appellees, 10 GRANT THORNTON INTERNATIONAL, GRANT THORNTON LLP, 12 Defendants - Third-Party-Plaintiffs-Counter-Claimants-Appellees, 14 DEUTSCHE BANK AG, MORGAN STANLEY & CO., INCORPORATED, BONLAT 15 FINANCING CORPORATION, CALISTO TANZI, FAUSTO TONNA, COLONIALE 16 S.P.A., CITIGROUP INC., BUCONERO, LLC, ZINNI & ASSOCIATES, P.C., 17 DELOITTE TOUCHE TOHMATSU, DELOITTE & TOUCHE S.P.A., A SOCIETA PER 18 AZIONI UNDER THE LAWS OF ITALY, JAMES E. COPELAND JR., PARMALAT 19 FINANZIARIA S.P.A., STEFANO TANZI, LUCIANO DEL SOLDATO, DOMENICO 20 BARILI, FRANCESCO GIUFFREDI, GIOVANNI TANZI, DELOITTE & TOUCHE 21 USA, LLP, DELOITTE & TOUCHE L.L.P., CREDIT SUISSE FIRST BOSTON, 22 CITIBANK, EUREKA SECURITISATION PLC, VIALATTEA LLC, PAVIA E 23 ANSALDO, BANCA NAZIONALE DEL LAVORO S.P.A., CITIBANK, N.A., 24 PROFESSOR MARIA MARTELLINI, BANCA INTESA S.P.A., DELOITTE & TOUCHE 25 TOHMATSU AUDITORES INDEPENDENTES, CREDIT SUISSE INTERNATIONAL, 26 CREDIT SUISSE SECURITIES (EUROPE) LIMITED, CREDIT SUISSE, CREDIT 27 SUISSE GROUP, GRANT THORNTON S.P.A., A SOCIETA PER AZIONI UNDER THE 28 LAWS OF ITALY, NOW KNOWN AS ITALAUDIT, S.P.A., 30 Defendants, 32 PARMATOUR S.P.A., 34 Defendant-Third-Party-Defendant. 35 ___________________________________ 39
2 Before: CABRANES and WESLEY, Circuit Judges, and KOELTL, District 3 Judge.* 6 This is an appeal from the judgments of the United States
7 District Court for the Southern District of New York (Kaplan,
8 J.) dismissing the claims of plaintiffs-appellants Parmalat
9 Capital Finance Limited and Dr. Enrico Bondi against the Grant
10 Thornton defendants after determining, pursuant to the mandate
11 of this Court, that mandatory abstention under 28 U.S.C.
12 § 1334(c)(2) was