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IOWA PUBLIC EMPLOYEE'S RET. v. DELOITTE & TOUCHE

No. 12 Civ. 2136(JPO).

919 F.Supp.2d 321 (2013)

IOWA PUBLIC EMPLOYEE'S RETIREMENT SYSTEM, Plaintiff, v. DELOITTE & TOUCHE LLP, Defendant.

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

January 23, 2013.

Attorney(s) appearing for the Case

Jeffrey Scott Thompson, Deputy Attorney General, Iowa Department of Justice, Des Moines, IA, Paul J. Hanly, Jr., Thomas I. Sheridan, III, Hanly Conroy Bierstein Sheridan Fisher & Hayes, LLP, New York, NY, for Plaintiff.

Kevin Anthony Burke, Sidley Austin LLP, New York, NY, Frank B. Vanker, Kristen R. Seeger, Sidley Austin LLP, Chicago, IL, for Defendant.

MEMORANDUM AND ORDER

J. PAUL OETKEN, District Judge.

Plaintiff Iowa Public Employees' Retirement System ("IPERS") brings this action against Deloitte & Touche LLP ("D & T"). The claims in this case arise out of D & T's audits of its client, registered broker-dealer WG Trading Company, LP ("WGTC"). IPERS alleges violations of § 10(b) of the Exchange Act ("the '34 Act"), pursuant to SEC Rule 10b-5, and breach of fiduciary duty, under...

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